Credit Elasticities in Less-Developed Economies: Implications for Microcredit
نویسندگان
چکیده
منابع مشابه
Credit Elasticities in Less-Developed Economies: Implications for Microfinance
Microcredit fights poverty by expanding access to credit. Some microfinance institutions (MFIs) focus on maximizing profits, and do so while lending to the poor. Others seek to maximize access for the poor subject to a budget constraint. Regardless, nearly all MFIs face pressure from policymakers, donors, and investors to eliminate their reliance on subsidies. Economic modeling, policy, and pra...
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The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves that, while downward-sloping with respect to price, are flatter than recent estimates in both developing...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.981394