Chapter

Rural Credit Markets: The Structure of Interest Rates, Exploitation, and Efficiency

Kaushik Basu

in The Economic Theory of Agrarian Institutions

Published in print December 1991 | ISBN: 9780198287629
Published online November 2003 | e-ISBN: 9780191595912 | DOI: http://dx.doi.org/10.1093/0198287623.003.0007

Series: Clarendon Paperbacks

 Rural Credit Markets: The Structure of Interest Rates, Exploitation, and Efficiency

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In this chapter, the author models alternative structures in the informal credit market as devices for extracting surplus from the borrowers, and show how extremely exploitative moneylenders may have some superficial resemblance to markets with perfectly competitive moneylenders.

Keywords: efficiency; exploitation; informal credit; loans; markets; moneylender; perfect competition

Chapter.  8886 words.  Illustrated.

Subjects: Economic Development and Growth

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