The Effects On Peasant Households Of Access To Formal Deposits And Loans
AbstractA dynamic, stochastic, rational expectations model of a peasant household with access to deposits and loans (up to a credit limit) is solved and simulated. If formal contracts offer more favorable rates than informal contracts, then access to formal contracts increases average consumption and decreases its standard deviation.
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Bibliographic InfoPaper provided by Ohio State University, Department of Agricultural, Environmental and Development Economics in its series Economics and Sociology Occasional Papers with number 28329.
Date of creation: 1995
Date of revision:
Agricultural Finance; Consumer/Household Economics;
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