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dc.contributor.authorGubert, Flore
dc.contributor.authorFafchamps, Marcel
dc.date.accessioned2010-07-06T15:08:49Z
dc.date.available2010-07-06T15:08:49Z
dc.date.issued2007
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/4568
dc.language.isoenen
dc.subjectDetteen
dc.subjectCréditen
dc.subject.ddc338.5en
dc.subject.classificationjelD14en
dc.subject.classificationjelC01en
dc.titleContingent Loan Repayment in the Philippinesen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenUsing data from the Philippines, this article seeks to understand how households in the study area apparently manage to avoid falling into a debt trap in spite of frequent borrowing. Findings suggest that this is achieved via three institutional features. First, most informal debt carries no interest. Second, for all debts, repayment is postponed in case of a borrower’s difficulty; this is the only insurance feature of debt repayment. Third, while debt principal is seldom forgiven or reduced, interest‐bearing debt does not carry additional interest if debt repayment is delayed. This prevents interest charges from accumulating and debt from snowballing.en
dc.relation.isversionofjnlnameEconomic Development and Cultural Change
dc.relation.isversionofjnlvol55
dc.relation.isversionofjnlissue4
dc.relation.isversionofjnldate2007-07
dc.relation.isversionofjnlpages633-667
dc.relation.isversionofdoihttp://dx.doi.org/10.1086/516765
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherUniversity of Chicago Press
dc.subject.ddclabelMicroéconomieen


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