14.771 | Fall 2021 | Graduate

Development Economics

Lecture 24: Credit (Part 1)

Description: Presents stylized facts about credit markets in developing countries, introduces simple models of moral hazard and adverse selection to illustrate how frictions might occur, and discusses Karlan and Zinman (2009).

Session 24 lecture slides: Credit (Part 1) (PDF)

Instructor: Ben Olken

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Fall 2021
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