Sudha Narayanan and Nirupam Mehrotra 2019 Loan Waivers and Bank Credit In the past decade, farm loan waivers have become a policy instrument to alleviate the financial distress of farmers. Despite agreement on the theoretical rationale for such debt forgiveness and its deep contextual relevance, many fear that in the long run, loan waivers might …

Loan Waivers and Bank Credit: Reflections on the Evidence and the Way ForwardRead More »