Risk, Wealth And Sectoral Choice In Rural Credit Markets
We develop a model of sorting and matching between borrowers and lenders across formal and informal credit markets in a developing country context. We highlight the role of risk both on credit access and sectoral choice. We examine how activity and sectoral choice vary across agents with heterogeneous wealth endowments.
|Date of creation:||2004|
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Rodney L. White Center for Financial Research Working Papers
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