(Dis)advantages of informal loans – Theory and evidence
Sign Up to like & getrecommendations! Published in 2018 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2017.12.005
Abstract: We study borrowers’ choice between formal and informal credit in a setting with imperfect debt enforcement. In contrast to formal loans (e.g., from banks), informal loans (e.g., from friends or relatives) can be enforced by… read more here.
Keywords: credit; informal loans; formal informal; formal loans ... See more keywords