Group lending with correlated project outcomes

This paper shows that positive correlation between project outcomes may improve the efficiency of microfinance group lending contracts.

Year of publication:	2012
Authors:	Katzur, Tomek ; Lensink, Robert
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 2, p. 445-447
Publisher:	Elsevier
Subject:	Microfinance \| Group lending \| Adverse selection \| Correlated project outcomes

Type of publication:	Article
Classification:	D82 - Asymmetric and Private Information ; G21 - Banks; Other Depository Institutions; Mortgages ; O10 - Economic Development. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010580438