studying cosigned loans - a borrower´s loan is backed by the personal guarantee of a cosigner. We use a regression … rid herself of the nuisance of a cosigner) or as an insurance device (a borrower would pay for the benefit of a cosigner …

exogenous change in the cosigner requirement, we establish a negative causal effect of cosigners on defaults: an increase in the … cosigners reduces the incidence of a default by 7.5 percent. While most theories of collateral predict that increased cosigners …

studying cosigned loans - a borrower´s loan is backed by the personal guarantee of a cosigner. We use a regression … herself of the nuisance of a cosigner) or as an insurance device (a borrower would pay for the benefit of a cosigner). We show …

evidence that foreign banking penetration can be associated with a contraction of banking credit, especially in countries with … poor credit markets. Second I present a model in which the presence or the absence of foreign lenders endogenously modifies … firms credit constraints and hence the volume of credit extended in the economy. Specifically, I show on the one hand that …

enforcement, borrower default decisions, and the provision of credit. The central tenets of our framework are the presence of … their default choices, leading to fragility and to credit rationing. Our model provides a rationale for the comovement of … enforcement, default rates and credit seen in the data …

of in cash can play a major role in encouraging savings. When paid on the account, the money is saved by default, while …

of in cash can play a major role in encouraging savings. When paid on the account, the money is saved by default, while …

alleviate excess liquidity, and the factors that promote or retard the rate of growth of banks' assets. Loan default rates in …

The mismatch between credit repayments and income seasonality poses a challenge for microfinance institutions (MFIs … default rates. We thus conducted a randomized controlled trial in 2011-12 in northern Bangladesh to empirically test whether … treatment arms in case of default, overdue amount, or repayment frequency. On the other hand, we find no positive impact of …

alleviate excess liquidity, and the factors that promote or retard the rate of growth of banks’ assets. Loan default rates in …