The Limits of Commitment: Who Benefits from Illiquid Savings Products? (English)

Working with a private bank in Ghana, this study examines the impacts of a commitment savings product designed to help clients taking repeated overdrafts break their debt cycles. Overall, the product significantly increased savings with the bank without increasing overdrafts. However, after accounting for other sources of savings, the study finds that clients with above-median baseline overdraft histories do not accrue new savings during the commitment...

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Author

Buehren,Niklas;

Goldstein,Markus P.;

Klapper,Leora;

Koroknay-Palicz,Tricia;

Schaner,Simone Gabrielle;
Document Date
2018/10/31
Document Type
Policy Research Working Paper
Report Number
WPS8633
Volume No
1
Total Volume(s)
1
Country
Ghana,
Region
Western and Central Africa,
Disclosure Date
2018/10/31
Disclosure Status
Disclosed
Doc Name
The Limits of Commitment: Who Benefits from Illiquid Savings Products?
Keywords
real cost of credit

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Citation

Buehren,Niklas; Goldstein,Markus P.; Klapper,Leora; Koroknay-Palicz,Tricia; Schaner,Simone Gabrielle.

The Limits of Commitment: Who Benefits from Illiquid Savings Products? (English). Impact Evaluation series|Paper is funded by the Knowledge for Change Program (KCP)|Policy Research working paper|no. WPS 8633 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/145051540998851212

The Limits of Commitment: Who Benefits from Illiquid Savings Products? (English)

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