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The Economics of Lending with Joint Liability: Theory and Practice

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  • Ghatak, M.
  • Guinnane, T.W.

Abstract

The study examines the effects of gender and credit constraints on rural students' advancement to secondary education, which is arguably the major bottleneck in Thailand's education system. Credit constraints are measured indirectly through rainfall variation, availability of informal lenders in the village, and household specific variables especially titled land owned by the household.

Suggested Citation

  • Ghatak, M. & Guinnane, T.W., 1998. "The Economics of Lending with Joint Liability: Theory and Practice," Papers 791, Yale - Economic Growth Center.
    • Handle: RePEc:fth:yalegr:791
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    References listed on IDEAS

    as
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    9. Abhijit V. Banerjee & Timothy Besley & Timothy W. Guinnane, 1994. "Thy Neighbor's Keeper: The Design of a Credit Cooperative with Theory and a Test," The Quarterly Journal of Economics, Oxford University Press, vol. 109(2), pages 491-515.
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    13. Edward Simpson Prescott, 1997. "Group lending and financial intermediation: an example," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 23-48.
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    More about this item

    Keywords

    BANKS ; LIABILITY ; CREDIT ; COOPERATIVES;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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