Booij, Adam S.; Leuven, Edwin; Oosterbeek, Hessel - 2008 - This version: April 2008
this is due to limited knowledge about these conditions. We examine the importance of information constraints through a … better knowledge about the loan conditions. While OLS regressions reveal a large and significantly positive association … between knowledge about loan conditions and borrowing, our instrumental variable estimates suggest that this is not a causal …