Interest rates and informational issues in the credit market: experimental evidence from Brazil

dc.contributorFGV
dc.creatorLucinda, Claudio Ribeiro de
dc.creatorVieira, Rodrigo Luiz
dc.date.accessioned2018-05-10T13:36:33Z
dc.date.accessioned2022-11-03T20:22:41Z
dc.date.available2018-05-10T13:36:33Z
dc.date.available2022-11-03T20:22:41Z
dc.date.created2018-05-10T13:36:33Z
dc.date.issued2014-07
dc.identifier1807-5436 / 2446-6875
dc.identifierhttp://hdl.handle.net/10438/23390
dc.identifier10.1016/j.worlddev.2014.01.027
dc.identifier000335616500004
dc.identifierLucinda, Claudio/0000-0002-2190-9497
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/5037177
dc.description.abstractThis paper utilizes Brazilian data to investigate interest-rate sensitivity and informational issues associated with the credit demand of the middle-income class in a large emerging economy. This study's data were collected from an experiment in which credit offers with randomized interest rates were sent to recipients. The results indicate that credit constraints and informational issues are important for both the lower middle-class and higher middle-class income groups. Interest rate reductions may be more effective for higher income groups. (C) 2014 Elsevier Ltd. All rights reserved.
dc.languageeng
dc.publisherPergamon-Elsevier Science Ltd
dc.relationWorld development
dc.rightsrestrictedAccess
dc.sourceWeb of Science
dc.subjectCredit demand
dc.subjectAdverse selection
dc.subjectMoral hazard
dc.subjectLiquidity constraints
dc.subjectConsumer-credit
dc.titleInterest rates and informational issues in the credit market: experimental evidence from Brazil
dc.typeArticle (Journal/Review)


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