Arnold, Lutz G. and Booker, Benedikt (2013) Good intentions pave the way to ... the local moneylender. ECONOMICS LETTERS, 118 (3). pp. 466-469. ISSN 0165-1765,
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Access to microfinance entails a risk of over-indebtedness. A naive present-biased micro-borrower may roll over debt after failure of an investment project financed with an MFI loan, even though she planned not to do so and would not have taken the MFI loan if she had been aware of the time inconsistency of her plan. Similarly, she may use a new loan to repay and end up over-indebted if she discounts the future too strongly relative to her true preferences. (C) 2012 Elsevier B.V. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | MICROFINANCE; PROGRAMS; Microfmance; Over-indebtedness; Hyperbolic discounting |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 23 Apr 2020 10:39 |
| Last Modified: | 23 Apr 2020 10:39 |
| URI: | https://pred.uni-regensburg.de/id/eprint/17020 |
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