کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
991891 935665 2012 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Microfinance and Moneylender Interest Rate: Evidence from Bangladesh
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Microfinance and Moneylender Interest Rate: Evidence from Bangladesh
چکیده انگلیسی

SummaryThe linkage between the formal and informal credit markets in developing countries has largely been unexplored. This paper addresses one important aspect of the linkage by empirically investigating the impact of the intervention of microfinance programs on the moneylender interest rates in northern Bangladesh, and finds that moneylender interest rates increase with microfinance program coverage. Higher microfinance program coverage increases moneylender interest rates in the villages in which more loans are invested in productive economic activities than consumption. Borrowers resort to moneylenders for additional funds probably because of inadequate supply, unavailability of seasonal working capital from MFIs, and tight repayment schedules, which in turn increase demand for moneylender loans.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: World Development - Volume 40, Issue 6, June 2012, Pages 1181–1189
نویسندگان
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