Debt moratoria that allow borrowers to postpone loan payments are a frequently used tool intended to soften the impact of economic crises. This paper reports results from a nationwide experiment with a large consumer lender in India, designed to study how debt forbearance offers affect loan repayment and banking relationships. In the experiment, borrowers receive forbearance offers that are presented either as an initiative of their lender or the...
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详细
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2023/03/10
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政策研究报告
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WPS10358
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1
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2023/03/10
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Disclosed
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How Do Borrowers Respond to a Debt Moratorium ? Experimental Evidence from Consumer Loans in India