The Distributive Impact of Reforms in Credit Enforcement: Evidence from Indian Debt Recovery Tribunals
dc.contributor.author | Lilienfeld-Toal, Ulf von | |
dc.contributor.author | Mookherjee, Dilip | |
dc.contributor.author | Visaria, Sujata | |
dc.date | 2009-04-18 | |
dc.date.accessioned | 2009-09-10T17:50:42Z | |
dc.date.available | 2009-09-10T17:50:42Z | |
dc.date.issued | 2009-09-10T17:50:42Z | |
dc.identifier.uri | https://hdl.handle.net/2027.42/64022 | |
dc.description.abstract | It is generally presumed that strengthening legal enforcement of lender rights increases credit access for all borrowers, by expanding the set of incentive compatible loan contracts. This is based on an implicit assumption of infinitely elastic supply of loans. With inelastic supply, strengthening enforcement generates general equilibrium effects which reduce credit access for small borrowers while expanding it for wealthy borrowers. We find evidence from a firm-level panel data set of such adverse distributional impacts of an Indian judicial reform which increased banks’ ability to recover non-performing loans in the 1990s. | en_US |
dc.format.extent | 756960 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 85 | en_US |
dc.subject | Indian Debt Recovery Tribunals | en_US |
dc.subject | Distributive Impact | en_US |
dc.subject | Reforms in Credit Enforcement | en_US |
dc.title | The Distributive Impact of Reforms in Credit Enforcement: Evidence from Indian Debt Recovery Tribunals | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationum | International Policy Center (IPC); Gerald R. Ford School of Public Policy | en_US |
dc.contributor.affiliationother | Boston University | en_US |
dc.contributor.affiliationother | Stockholm School of Econmics | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/64022/1/ipc-85-toal,mookherjee,visaria-distributive-impact-reforms-credit-enforcement-evidence-indian-debt-recovery-tribunals.pdf | |
dc.owningcollname | International Policy Center (IPC) - Working Paper Series |
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