| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16848 |
| DP16848 Is Digital Credit Filling a Hole or Digging a Hole? Evidence from Malawi | |
| Valentina Brailovskaya; Pascaline Dupas; Jonathan Robinson | |
| 发表日期 | 2021-12-29 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Digital credit has expanded rapidly in Africa, mostly in the form of short-term, high-interest loans offered via mobile money. Loan terms are often opaque and consumer financial literacy is low, providing opportunities for predatory lending. A regression discontinuity analysis shows no negative effect of access to digital loans on financial well-being, but the majority of borrowers fail to repay on time and incur high late fees. We randomize exposure to a short phone-based financial literacy intervention. The intervention improved knowledge and marginally improved loan repayment but increased loan demand, increasing overall default risk. |
| 主题 | Development Economics |
| 关键词 | Financial literacy Predatory lending Regression discontinuity Randomized field experiment |
| URL | https://cepr.org/publications/dp16848 |
| 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/545770 |
| 推荐引用方式 GB/T 7714 | Valentina Brailovskaya,Pascaline Dupas,Jonathan Robinson. DP16848 Is Digital Credit Filling a Hole or Digging a Hole? Evidence from Malawi. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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