Credit Rationing in Developing Countries: An Overview of the Theory

By Debraj Ray, Parikshit Ghosh, Dilip Mookherjee. 2000

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Empirical Measurement Of Credit Rationing In Agriculture: A Methodological Survey (2005, background): “…be due to unresolved problems of adverse selection, moral hazard, or costly state verification as a result of information asymmetries on the credit market (STIGLITZ and WEISS 1981; WILLIAMSON 1987), or due to enforcement problems (for an overview see GHATAK and GUINNANE 1999 and GHOSH et al. 2001).”
Risk Rationing and Wealth Effects in Credit Markets (2005, unknown): “If it is the latter, then costs of asymmetric information will be borne primarily by low wealth agents who would suffer from both 1 Recent summaries of this literature include: Ghosh, Mookherjee, and Ray (2000); Udry and Conning (2005); and Dowd (1992).”
Insurance, Credit, and Technology Adoption: Field Experimental Evidence from Malawi (2007, background): “1 For comprehensive reviews of this literature, see Dowd (1992), Ghosh et al. (2000),”