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The Determinants of Loan Contracts to Business Firms: Empirical Evidence from a Private Bank in Vietnam

Tra, Pham Thi Thu; Lensink, Robert - World Institute for Development Economic Research … - 2006

Persistent link: https://www.econbiz.de/10005059792

It Works; It Doesn't; It Can, But That Depends?: 50 Years of Controversy over the Macroeconomic Impact of Development Aid

McGillivray, Mark; Feeny, Simon; Hermes, Niels; … - World Institute for Development Economic Research … - 2005

Persistent link: https://www.econbiz.de/10005059863

Fiscal Policy and Private Investment in Less Developed Countries

Hermes, Niels; Lensink, Robert - World Institute for Development Economic Research … - 2001

Persistent link: https://www.econbiz.de/10005059915

Joint Liability Lending and the Peer Selection Effect

Gangopadhyay, Shubhashis; Ghatak, Maitreesh; Lensink, Robert - In: Economic Journal 115 (2005) 506, pp. 1005-1015

We show that the joint liability lending contracts derived in <link rid="b4">Ghatak (2000)</link> violate an "ex post" incentive-compatibility constraint which says that the amount of joint liability cannot exceed the amount of individual liability. We derive and characterise optimal separating joint liability...

Persistent link: https://www.econbiz.de/10005072097