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insurance premia exist. Based on data from a small-scale fishery in India, calculations show that on average, lenders receive 25 …
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insurance premia exist. Based on data from a small-scale fishery in India, calculations show that on average, lenders receive 25 …
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In this paper we empirically test the recent lender-based theory for the use of collateral in bank lending. Based on a proprietary dataset of loan contracts written by a local bank in competitive credit markets, we use the physical proximity between borrowers and the lending branch of the bank...
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