Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19874Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Rai, Ashok S. | - |
| dc.creator | Klonner, Stefan | - |
| dc.date | 2007 | - |
| dc.date.accessioned | 2013-10-16T07:07:15Z | - |
| dc.date.available | 2013-10-16T07:07:15Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19874 | - |
| dc.identifier | ppn:560906315 | - |
| dc.identifier | RePEc:zbw:gdec07:6541 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19874 | - |
| dc.description | We investigate how well social collateral does as an alternative to traditional physical collateral. We do so by studying cosigned loans - a borrower´s loan is backed by the personal guarantee of a cosigner. We use a regression discontinuity approach with data from South Indian bidding Roscas. Our main finding is that cosigners do indeed provide social collateral: doubling the number of cosigners halves the probability of arrears for high risk borrowers. We then distinguish between different theories of social collateral. Cosigners may be e¤ective as a monitoring device (a borrower would pay to rid herself of the nuisance of a cosigner) or as an insurance device (a borrower would pay for the benefit of a cosigner). We show that these two interpretations of cosigning have different empirical predictions in the context of a bidding Roscas. We find support for the insurance role of cosigners. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | Proceedings of the German Development Economics Conference, Göttingen 2007 / Verein für Socialpolitik, Research Committee Development Economics 18 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | G21 | - |
| dc.subject | O16 | - |
| dc.subject | D82 | - |
| dc.subject | ddc:330 | - |
| dc.subject | credit | - |
| dc.subject | default | - |
| dc.subject | cosigner | - |
| dc.subject | rosca | - |
| dc.title | Cosigners Help | - |
| dc.type | doc-type:conferenceObject | - |
| Appears in Collections: | EconStor | |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.