Interest rates and the additional costs of the informal sector
In the rural areas of Colombia, farmers seek funding for their production activities. Credit markets are segmented between formal and informal sectors. Formal credits offer better debt conditions than informal credits such as lower interest rates, bigger loans, and longer repayment terms. At the sam...
- Autores:
-
Rodríguez Triana, Tomás Arturo
- Tipo de recurso:
- Fecha de publicación:
- 2020
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/50872
- Acceso en línea:
- http://hdl.handle.net/1992/50872
- Palabra clave:
- Crédito agrícola
Tasas de interés
Economía
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
| id |
UNIANDES2_8a56e212a6767eef26afc5fe157fb9f1 |
|---|---|
| oai_identifier_str |
oai:repositorio.uniandes.edu.co:1992/50872 |
| network_acronym_str |
UNIANDES2 |
| network_name_str |
Séneca: repositorio Uniandes |
| repository_id_str |
|
| dc.title.spa.fl_str_mv |
Interest rates and the additional costs of the informal sector |
| title |
Interest rates and the additional costs of the informal sector |
| spellingShingle |
Interest rates and the additional costs of the informal sector Crédito agrícola Tasas de interés Economía |
| title_short |
Interest rates and the additional costs of the informal sector |
| title_full |
Interest rates and the additional costs of the informal sector |
| title_fullStr |
Interest rates and the additional costs of the informal sector |
| title_full_unstemmed |
Interest rates and the additional costs of the informal sector |
| title_sort |
Interest rates and the additional costs of the informal sector |
| dc.creator.fl_str_mv |
Rodríguez Triana, Tomás Arturo |
| dc.contributor.advisor.none.fl_str_mv |
Roux Uribe, Nicolás de Zambrano Riveros, Jorge Andrés |
| dc.contributor.author.none.fl_str_mv |
Rodríguez Triana, Tomás Arturo |
| dc.contributor.jury.none.fl_str_mv |
Gáfaro González, Margarita María Caballero Argáez, Carlos Eduardo |
| dc.subject.armarc.none.fl_str_mv |
Crédito agrícola Tasas de interés |
| topic |
Crédito agrícola Tasas de interés Economía |
| dc.subject.themes.none.fl_str_mv |
Economía |
| description |
In the rural areas of Colombia, farmers seek funding for their production activities. Credit markets are segmented between formal and informal sectors. Formal credits offer better debt conditions than informal credits such as lower interest rates, bigger loans, and longer repayment terms. At the same time, informal credits have additional costs such as threats, violence, or reputational damage. Informal credits are still widely used because some credit is better than none for farmers with low capital endowments. I find that formal interest rates are 0.8% per month while informal interest rates are 14.9% per month between 2010, 2013, and 2016 using the ELCA Survey. I estimate the additional costs of using credit from the informal sector using a model of rural credit and find that, on average, acquiring credit from this sector increases interest rates in 65.4 percentage points per month in addition to the repayment of debts. |
| publishDate |
2020 |
| dc.date.issued.none.fl_str_mv |
2020 |
| dc.date.accessioned.none.fl_str_mv |
2021-08-10T18:03:17Z |
| dc.date.available.none.fl_str_mv |
2021-08-10T18:03:17Z |
| dc.type.spa.fl_str_mv |
Trabajo de grado - Maestría |
| dc.type.coarversion.fl_str_mv |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| dc.type.driver.spa.fl_str_mv |
info:eu-repo/semantics/masterThesis |
| dc.type.content.spa.fl_str_mv |
Text |
| dc.type.redcol.spa.fl_str_mv |
http://purl.org/redcol/resource_type/TM |
| dc.identifier.uri.none.fl_str_mv |
http://hdl.handle.net/1992/50872 |
| dc.identifier.pdf.none.fl_str_mv |
22813.pdf |
| dc.identifier.instname.spa.fl_str_mv |
instname:Universidad de los Andes |
| dc.identifier.reponame.spa.fl_str_mv |
reponame:Repositorio Institucional Séneca |
| dc.identifier.repourl.spa.fl_str_mv |
repourl:https://repositorio.uniandes.edu.co/ |
| url |
http://hdl.handle.net/1992/50872 |
| identifier_str_mv |
22813.pdf instname:Universidad de los Andes reponame:Repositorio Institucional Séneca repourl:https://repositorio.uniandes.edu.co/ |
| dc.language.iso.none.fl_str_mv |
eng |
| language |
eng |
| dc.rights.uri.*.fl_str_mv |
http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| dc.rights.accessrights.spa.fl_str_mv |
info:eu-repo/semantics/openAccess |
| dc.rights.coar.spa.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
| rights_invalid_str_mv |
http://creativecommons.org/licenses/by-nc-nd/4.0/ http://purl.org/coar/access_right/c_abf2 |
| eu_rights_str_mv |
openAccess |
| dc.format.extent.none.fl_str_mv |
35 hojas |
| dc.format.mimetype.none.fl_str_mv |
application/pdf |
| dc.publisher.none.fl_str_mv |
Universidad de los Andes |
| dc.publisher.program.none.fl_str_mv |
Maestría en Economía |
| dc.publisher.faculty.none.fl_str_mv |
Facultad de Economía |
| publisher.none.fl_str_mv |
Universidad de los Andes |
| institution |
Universidad de los Andes |
| bitstream.url.fl_str_mv |
https://repositorio.uniandes.edu.co/bitstreams/1f129ef0-2b54-4b01-8392-002d7bb4e2e4/download https://repositorio.uniandes.edu.co/bitstreams/3ab5da4f-b1ab-4ce7-9844-c8e7478f3de2/download https://repositorio.uniandes.edu.co/bitstreams/6420b4c3-2332-4307-b86f-f470870cb486/download |
| bitstream.checksum.fl_str_mv |
b8d5c2258ab59ba199c09ff20d28bd75 fa9cbb4aa162915f9bea0c3f2bbda522 03564603f7697524254ac2411540fb27 |
| bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 MD5 |
| repository.name.fl_str_mv |
Repositorio institucional Séneca |
| repository.mail.fl_str_mv |
adminrepositorio@uniandes.edu.co |
| _version_ |
1812133974011543552 |
| spelling |
Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Roux Uribe, Nicolás dea073bbe7-4489-4665-b2fb-69d50d1b15ca400Zambrano Riveros, Jorge Andrésvirtual::11085-1Rodríguez Triana, Tomás Arturo49767f3d-eb34-4c85-9c77-19a5067cf4ce500Gáfaro González, Margarita MaríaCaballero Argáez, Carlos Eduardo2021-08-10T18:03:17Z2021-08-10T18:03:17Z2020http://hdl.handle.net/1992/5087222813.pdfinstname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/In the rural areas of Colombia, farmers seek funding for their production activities. Credit markets are segmented between formal and informal sectors. Formal credits offer better debt conditions than informal credits such as lower interest rates, bigger loans, and longer repayment terms. At the same time, informal credits have additional costs such as threats, violence, or reputational damage. Informal credits are still widely used because some credit is better than none for farmers with low capital endowments. I find that formal interest rates are 0.8% per month while informal interest rates are 14.9% per month between 2010, 2013, and 2016 using the ELCA Survey. I estimate the additional costs of using credit from the informal sector using a model of rural credit and find that, on average, acquiring credit from this sector increases interest rates in 65.4 percentage points per month in addition to the repayment of debts.En las áreas rurales de Colombia, pequeños agricultores buscan financiar sus actividades de producción. Los mercados crediticios están segmentados entre el sector formal y el informal. Los créditos formales ofrecen mejores condiciones crediticias que los informales como menores tasas de interés, tamaños más grandes y plazos más largos. Al mismo tiempo, los créditos informales tienen costos adicionales como amenazas, violencia, o daño reputacional. Estos créditos siguen siendo utilizados porque tener crédito es más beneficioso que no tenerlo para agricultores con poco capital. Encuentro que las tasas de interés formales son del 0.8% por mes mientras que las informales son del 14.9% por mes entre 2010, 2013 y 2016 utilizando la ELCA. Estimo que los costos adicionales de adquirir crédito en el sector informal utilizando un modelo de crédito rural y encuentro que, en promedio, adquirir crédito de este sector incrementa las tasas de interés en 65.4 puntos porcentuales por mes en adición al repago de deudas.Magíster en EconomíaMaestría35 hojasapplication/pdfengUniversidad de los AndesMaestría en EconomíaFacultad de EconomíaInterest rates and the additional costs of the informal sectorTrabajo de grado - Maestríainfo:eu-repo/semantics/masterThesishttp://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/TMCrédito agrícolaTasas de interésEconomía201532185Publicationhttps://scholar.google.es/citations?user=hd1SxOIAAAAJvirtual::11085-10000-0002-3207-2848virtual::11085-1https://scienti.minciencias.gov.co/cvlac/visualizador/generarCurriculoCv.do?cod_rh=0000278386virtual::11085-11bd4dfce-4615-4ee3-80c0-bb4e9e0bd6c2virtual::11085-11bd4dfce-4615-4ee3-80c0-bb4e9e0bd6c2virtual::11085-1ORIGINAL22813.pdfapplication/pdf2417310https://repositorio.uniandes.edu.co/bitstreams/1f129ef0-2b54-4b01-8392-002d7bb4e2e4/downloadb8d5c2258ab59ba199c09ff20d28bd75MD51TEXT22813.pdf.txt22813.pdf.txtExtracted texttext/plain57684https://repositorio.uniandes.edu.co/bitstreams/3ab5da4f-b1ab-4ce7-9844-c8e7478f3de2/downloadfa9cbb4aa162915f9bea0c3f2bbda522MD54THUMBNAIL22813.pdf.jpg22813.pdf.jpgIM Thumbnailimage/jpeg17690https://repositorio.uniandes.edu.co/bitstreams/6420b4c3-2332-4307-b86f-f470870cb486/download03564603f7697524254ac2411540fb27MD551992/50872oai:repositorio.uniandes.edu.co:1992/508722024-03-13 14:20:52.267http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |