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Loan Waivers as Fresh Start in Bankruptcy
[Zeitschriftenartikel]
Abstract
Farmer distress is in the news again. The causes of distress may be many - ranging from low productivity on small and marginal farms, crop failure due to weather fluctuations, to low market price due to a bumper harvest. The usual policy response, however, seems to be a loan-waiver announcement. For... mehr
Farmer distress is in the news again. The causes of distress may be many - ranging from low productivity on small and marginal farms, crop failure due to weather fluctuations, to low market price due to a bumper harvest. The usual policy response, however, seems to be a loan-waiver announcement. For example, several loan-waivers were announced in the second half of 2017. The stated rationale for loan-waivers is that if debt burdens are alleviated in this one instance, then it provides consumption relief and makes it possible to start the next farming season in a clean state. The assumption seems to be that the problems that caused distress this season, will somehow, not manifest themselves again.... weniger
Thesaurusschlagwörter
Indien; Landwirtschaft; Landwirt; Insolvenz; Kreditvergabe; Verschuldung; Südasien
Klassifikation
Öffentliche Finanzen und Finanzwissenschaft
Freie Schlagwörter
Bankruptcy
Sprache Dokument
Englisch
Publikationsjahr
2018
Seitenangabe
5 S.
Zeitschriftentitel
IndraStra Global, 4 (2018) 3
ISSN
2381-3652
Status
Veröffentlichungsversion; begutachtet (peer reviewed)
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0