JER, 第 10 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 2005 |
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第 103 頁
... cost is a commonly observed feature of the credit markets of LDCs . Typically the informal lender ( IL ) has a lower ex - post monitoring cost compared to the formal lender ( FL ) . This paper develops a model of credit market with ...
... cost is a commonly observed feature of the credit markets of LDCs . Typically the informal lender ( IL ) has a lower ex - post monitoring cost compared to the formal lender ( FL ) . This paper develops a model of credit market with ...
第 105 頁
... cost of monitoring loans . Specifically it questions whether , given the lower monitoring cost of the IL , expan- sion of formal credit is efficient . It reaches the conclusion that informal loans induce low effort and result in lower ...
... cost of monitoring loans . Specifically it questions whether , given the lower monitoring cost of the IL , expan- sion of formal credit is efficient . It reaches the conclusion that informal loans induce low effort and result in lower ...
第 112 頁
... cost ) would be at least as high as that charged by the FL ( who is high cost ) . Essentially , the high monitoring cost induces the FL to choose a lower rate of interest to reduce the possibility of monitoring and hence the expected ...
... cost ) would be at least as high as that charged by the FL ( who is high cost ) . Essentially , the high monitoring cost induces the FL to choose a lower rate of interest to reduce the possibility of monitoring and hence the expected ...
內容
Namwon Hyung | 49 |
Changyong Rhee Optimal Travel Path | 129 |
Bent E Sorensen Nobuhiro Mori Takao Iida Makoto Okamura On | 175 |
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