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Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines

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NBER2018-02-01 更新2025-01-04 收录
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A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such practices is important for understanding financial decision-making of households in dire circumstances,

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2018-02-01
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