Construct · 1 fields · 1 citations

joint liability lending: a standalone construct

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Development economics

lending in which group members are liable for each other's loans, using peer selection, monitoring and enforcement to overcome missing collateral.

In development economics, joint liability lending refers to lending in which group members are liable for each other's loans, using peer selection, monitoring and enforcement to overcome missing collateral. This meaning comes from Ghatak (1999) in Journal of Development Economics.[1]

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Nearby constructs

collateral3 fields · 3 citationsjingle · one word, three constructs development1 fields · 2 citationsanchor · a standalone construct group4 fields · 4 citationsjingle · one word, four constructs

References

Ghatak, M., & Guinnane, T. W. (1999). The economics of lending with joint liability: theory and practice. Journal of Development Economics, 60(1), 195-228. https://doi.org/10.1016/s0304-3878(99)00041-3

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