THE EFFECTS ON PEASANT HOUSEHOLDS OF ACCESS TO FORMAL DEPOSITS AND LOANS

A dynamic, stochastic, rational expectations model of a peasant household with access to deposits and loans (up to a credit limit) is solved and simulated. If formal contracts offer more favorable rates than informal contracts, then access to formal contracts increases average consumption and decreases its standard deviation.


Issue Date:
1995
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/28329
PURL Identifier:
http://purl.umn.edu/28329
Total Pages:
15
Series Statement:
Economics and Sociology Occasional Paper 2266




 Record created 2017-04-01, last modified 2018-01-22

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