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来源类型Working Paper
规范类型报告
DOI10.3386/w17449
来源IDWorking Paper 17449
Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi
Xavier Giné; Jessica Goldberg; Dean Yang
发表日期2011-09-22
出版年2011
语种英语
摘要We report the results of a randomized field experiment that examines the credit market impacts of improvements in a lender's ability to determine borrowers' identities. Improved personal identification enhances the credibility of a lender's dynamic repayment incentives by allowing it to withhold future loans from past defaulters and expand credit for good borrowers. The experimental context, rural Malawi, is characterized by an imperfect identification system. Consistent with a simple model of borrower heterogeneity and information asymmetries, fingerprinting led to substantially higher repayment rates for borrowers with the highest ex ante default risk, but had no effect for the rest of the borrowers. The change in repayment rates is driven by reductions in adverse selection (smaller loan sizes) and lower moral hazard (for example, less diversion of loan-financed fertilizer from its intended use on the cash crop).
主题Development and Growth ; Development
URLhttps://www.nber.org/papers/w17449
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575123
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GB/T 7714
Xavier Giné,Jessica Goldberg,Dean Yang. Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi. 2011.
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