Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/37313 
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dc.contributor.authorMenkhoff, Lukasen
dc.contributor.authorNeuberger, Dorisen
dc.contributor.authorRungruxsirivorn, Ornsirien
dc.date.accessioned2010-08-11T09:03:43Z-
dc.date.available2010-08-11T09:03:43Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/37313-
dc.description.abstractThis paper examines the role of collateral in the rural credit market of an emerging country. Due to opaque information and weak enforcement, the need for collateral is expected to be high. However, rural households usually lack adequate assets to pledge as collateral. How is this puzzle solved? Using data from Thailand, we find that indeed most loans are provided without any tangible assets as collateral. Lenders can enforce collateral-free loans through third party guarantees and borrower-lender relationships, but also through reducing loan size, reducing duration or increasing the interest rate. We do not find a significant impact of borrowers' wealth and default risk on the use of collateral.en
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Macroeconomic Problems of Asian Economies |xG1-V1en
dc.subject.jelG21en
dc.subject.jelO16en
dc.subject.jelE69en
dc.subject.ddc330en
dc.subject.keywordinformal financial institutionsen
dc.subject.keywordmicrofinanceen
dc.subject.keywordrelationship lendingen
dc.titleCollateral and Lending to Rural Households in Emerging Markets-
dc.typeConference Paperen
dc.identifier.ppn65516247Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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