This paper studies the impact of a large debt relief program, intended to attenuate investment constraints among highly-indebted households in rural India. It isolates the causal effect of bankruptcy-like debt relief settlements using a natural experiment arising from India's Debt Relief Program for Small and Marginal Farmers -- one of the largest debt relief initiatives in history. The analysis shows that debt relief has a persistent effect on the...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2012/11/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6258
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1
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1
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2012/11/01
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Disclosed
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What does debt relief do for development ? evidence from India's bailout program for highly-indebted rural households
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debt relief
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