| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9503 |
| DP9503 Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico | |
| Jonathan Zinman; Dean Karlan | |
| 发表日期 | 2013-06-09 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and lending practice. We use randomized interest rates, offered across 80 regions by Mexico?s largest microlender, to identify a 29-month dollars-borrowed elasticity of -1.9. This elasticity increases from -1.1 in year one to -2.9 in year three. The number of borrowers is also elastic. Credit bureau data does not show evidence of crowd-out. Competitors do not respond by reducing rates, perhaps because Compartamos? profits are unchanged. The results are consistent with multiple equilibria in loan pricing. |
| 主题 | Financial Economics |
| 关键词 | Interest rate elasticities Interest rate policy Interest rates Microcredit |
| URL | https://cepr.org/publications/dp9503 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538339 |
| 推荐引用方式 GB/T 7714 | Jonathan Zinman,Dean Karlan. DP9503 Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Jonathan Zinman]的文章 |
| [Dean Karlan]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Jonathan Zinman]的文章 |
| [Dean Karlan]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Jonathan Zinman]的文章 |
| [Dean Karlan]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
