Working paper icon

Working paper

Contingent Loan Repayment in the Philippines.

Abstract:

Using data from the Philippines, this paper seeks to understand how households in the study area apparently manage to avoid falling in a debt trap in spite of frequent borrowing. Findings suggest this is achieved via three institutional features. First, most informal debt carries no interest. As we show in the conceptual section, charging zero interest makes a debt trap impossible. Second, for all debts, repayment is postponed in case of borrower's difficulty; this is the only insurance featu...

Expand abstract

Actions


Access Document


Files:

Authors


Publisher:
Department of Economics (University of Oxford))
Series:
Discussion paper series
Publication date:
2004-01-01
Language:
English
UUID:
uuid:06827737-077b-47c8-b2d0-3acb951baca9
Local pid:
oai:economics.ouls.ox.ac.uk:14229
Deposit date:
2011-08-16

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP