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Peer Monitoring, Social Ties and Moral Hazard in Group Lending Programs: Evidence from Eritrea

  • Hermes, Niels
  • Lensink, Robert
  • Mehrteab, Habteab T.

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File URL: http://www.sciencedirect.com/science/article/B6VC6-4F02KWN-4/2/5ce44bd0fb4cf4dc7cc8990404232ca7
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Article provided by Elsevier in its journal World Development.

Volume (Year): 33 (2005)
Issue (Month): 1 (January)
Pages: 149-169

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Handle: RePEc:eee:wdevel:v:33:y:2005:i:1:p:149-169
Contact details of provider: Web page: http://www.elsevier.com/locate/worlddev

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  1. Ghatak, Maitreesh & Guinnane, Timothy W., 1999. "The economics of lending with joint liability: theory and practice," Journal of Development Economics, Elsevier, vol. 60(1), pages 195-228, October.
  2. Armendariz de Aghion, Beatriz, 1999. "On the design of a credit agreement with peer monitoring," Journal of Development Economics, Elsevier, vol. 60(1), pages 79-104, October.
  3. Jonathan Morduch, 1999. "The Microfinance Promise," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1569-1614, December.
  4. Besley, T. & Coate, S., 1991. "Group Lending, Repayment Incentives And Social Collateral," Papers 152, Princeton, Woodrow Wilson School - Development Studies.
  5. Stiglitz, Joseph E, 1990. "Peer Monitoring and Credit Markets," World Bank Economic Review, World Bank Group, vol. 4(3), pages 351-66, September.
  6. Wydick, Bruce, 1999. "Can Social Cohesion Be Harnessed to Repair Market Failures? Evidence from Group Lending in Guatemala," Economic Journal, Royal Economic Society, vol. 109(457), pages 463-75, July.
  7. Aryeetey, Ernest & Udry, Christopher, 1997. "The Characteristics of Informal Financial Markets in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 6(1), pages 161-203, March.
  8. Matthew Warning & Elisabeth Sadoulet, 1998. "The performance of village intermediaries in rural credit delivery under changing penalty regimes: Evidence from Senegal," Journal of Development Studies, Taylor & Francis Journals, vol. 35(1), pages 115-138.
  9. Wydick, Bruce, 2001. "Group Lending under Dynamic Incentives as a Borrower Discipline Device," Review of Development Economics, Wiley Blackwell, vol. 5(3), pages 406-20, October.
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