Szafarz, Ariane; Postelnicu, Luminita; Hermes, Niels - Centre Emile Bernheim, Solvay Brussels School of … - 2013
collateral. The literature on microfinance lacks a rigid framework for analyzing the consequences of using social collateral for … is that we stress the impact of network configuration on the amount of social collateral pledged. Our model shows why the … typically denser than urban ones, which results in higher social collateral. …