Formal Credit Constraint and Prevalence of Reciprocal Loans in Rural China
The unique feature of the rural credit market in China is the dominance of zero collateral and zero-interest reciprocal lending and its long-term coexistence with the formal loan. This paper investigates the association between formal credit constraint and prevalence of reciprocal loans in rural Chi...
Saved in:
| Main Author: | |
|---|---|
| Format: | article |
| Language: | EN |
| Published: |
De Gruyter
2021
|
| Subjects: | |
| Online Access: | https://doaj.org/article/607a01b79953475a8c939e12476495cd |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|