par Laureti, Carolina ;Szafarz, Ariane
Référence Applied economics letters, 23, 17, page (1244-1249)
Publication Publié, 2016
Article révisé par les pairs
Résumé : Using data from Bangladesh, this article finds that the liquidity premium – the difference between the interest paid on illiquid and liquid savings accounts – is higher in commercial banks than in microfinance institutions. One possible interpretation lies in the higher prevalence of time-inconsistency among the poor. The observed difference in liquidity premia could be due to poor time-inconsistent agents willing to forgo interest on illiquid savings accounts in order to discipline their future selves.