Segmentation in the informal credit markets: the case of the Philippines
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
This paper explains market segmentation that occurs in the Philippine informal credit markets through the
matching of borrowers and lenders by their occupational specializations to internalize transaction costs and facilitate
economic activity. The regression results support a predictable pattern of matching farmer lenders with borrowers
specialized in non-farm activities and trader lenders with borrowers specialized in farming.