Formal and Informal Rural Credit in Four Provinces of Vietnam
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Formal and Informal Rural Credit in Four Provinces of Vietnam. / Barslund, Mikkel Christoffer; Tarp, Finn.
Cph. : Department of Economics, University of Copenhagen, 2007.Research output: Working paper › Research
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TY - UNPB
T1 - Formal and Informal Rural Credit in Four Provinces of Vietnam
AU - Barslund, Mikkel Christoffer
AU - Tarp, Finn
N1 - JEL Classification: O12, O16, O17, O18
PY - 2007
Y1 - 2007
N2 - This paper uses a survey of 932 rural households to uncover how the rural credit market operates in four provinces of Vietnam. Households obtain credit through formal and informal lenders. Formal loans are almost entirely for production and asset accumulation, while informal loans are used for consumption smoothening. Interest rates fell from 1997 to 2002, reflecting increased market integration. Moreover, the determinants of formal and informal credit demand are distinct. While credit rationing depends on education and credit history, in particular, regional differences in the demand for credit are striking. A ‘one size fits all' approach to credit policy in Vietnam would be inappropriate
AB - This paper uses a survey of 932 rural households to uncover how the rural credit market operates in four provinces of Vietnam. Households obtain credit through formal and informal lenders. Formal loans are almost entirely for production and asset accumulation, while informal loans are used for consumption smoothening. Interest rates fell from 1997 to 2002, reflecting increased market integration. Moreover, the determinants of formal and informal credit demand are distinct. While credit rationing depends on education and credit history, in particular, regional differences in the demand for credit are striking. A ‘one size fits all' approach to credit policy in Vietnam would be inappropriate
KW - Faculty of Social Sciences
KW - rural credit
KW - household survey
KW - Vietnam
M3 - Working paper
BT - Formal and Informal Rural Credit in Four Provinces of Vietnam
PB - Department of Economics, University of Copenhagen
CY - Cph.
ER -
ID: 456911