Utilize este identificador para referenciar este registo:
http://hdl.handle.net/10071/5564
Autoria: | Barros, C. Lagoa, S. Leão, E. |
Data: | 12-Set-2013 |
Título próprio: | Microcredit supply and credit rationing in a developed country: A theoretical model and empirical evidence |
Título e número da coleção: | Working Papers DINAMIA_2012_17 |
Palavras-chave: | Loans terms, default risk, asymmetric information, microcredit, Business starts |
Resumo: | Microcredit has been proposed as a tool for poverty reduction. However, little is known about the way banks determine loans terms and if the credit supplied is enough to satisfy demand. This paper, firstly, proposes a theoretical model to analyse microcredit interest rates and amounts. Secondly, the model predictions regarding loans' size are tested using a disequilibrium model and data from a developed country with a growing market. It is found that banks actively adjust loan amount to client and macroeconomic risks, and that credit rationing was high, even though declining as the market developed. Finally, policy implications are derived. |
Arbitragem científica: | Sim |
Acesso: | Acesso Aberto |
Aparece nas coleções: | DINÂMIA'CET-WP - Working papers com arbitragem científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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DINAMIA_WP_2012-17.pdf | 915,9 kB | Adobe PDF | Ver/Abrir |
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