General Principles for Credit Reporting
... sustainable growth and economic development, because they typically provide an efficient mechanism for evaluating risk and return to investment, and then managing and allocating risk. Financial infrastructure (FI) is a core part of all financial systems. The quality of financial infrastructure deter ...
... sustainable growth and economic development, because they typically provide an efficient mechanism for evaluating risk and return to investment, and then managing and allocating risk. Financial infrastructure (FI) is a core part of all financial systems. The quality of financial infrastructure deter ...
On Credit Risk Modeling and Management
... definitions for ”default” and for ”economic loss”. Then, based on our definition of ”default” we could proceed to estimating the potential ”economic loss” The concept of default may refer to the missing of a payment in due time, the deterioration of credibility of the counterparty or whatever one ma ...
... definitions for ”default” and for ”economic loss”. Then, based on our definition of ”default” we could proceed to estimating the potential ”economic loss” The concept of default may refer to the missing of a payment in due time, the deterioration of credibility of the counterparty or whatever one ma ...
Appendix III: Credit Growth OLS Regression, Summary Statistics
... (ii) model credit growth and identify the role of the NCA; and (iii) analyse credit risk, measured as the size of bank provisions (as a proxy for non-performing loans), and determine if it was linked to earlier credit expansions. Using a Hodrick-Prescott filter and a basic econometric model for cred ...
... (ii) model credit growth and identify the role of the NCA; and (iii) analyse credit risk, measured as the size of bank provisions (as a proxy for non-performing loans), and determine if it was linked to earlier credit expansions. Using a Hodrick-Prescott filter and a basic econometric model for cred ...
The Capital Conundrum for Co-operatives
... In 2012, in conjunction with the United Nations International Year of Co-operatives (IYC), the International Co-operative Alliance (the Alliance) published the Blueprint for a Co-operative Decade to take the co-operative way of doing business to a new level. The Blueprint’s ambition is for the co-op ...
... In 2012, in conjunction with the United Nations International Year of Co-operatives (IYC), the International Co-operative Alliance (the Alliance) published the Blueprint for a Co-operative Decade to take the co-operative way of doing business to a new level. The Blueprint’s ambition is for the co-op ...
The Market for Corporate Control and the Cost of Debt
... We use the di¤erences-in-di¤erences approach to gauge the e¤ect of the BC laws. Specifically, we compare the change in credit spread around the time a BC law was passed (say, year t) for …rms a¤ected by the law to the change in credit spread for …rms una¤ected by the law. Our sample consists of 3,9 ...
... We use the di¤erences-in-di¤erences approach to gauge the e¤ect of the BC laws. Specifically, we compare the change in credit spread around the time a BC law was passed (say, year t) for …rms a¤ected by the law to the change in credit spread for …rms una¤ected by the law. Our sample consists of 3,9 ...
More Credit with Fewer Crises - weforum.org
... most notably of Basel III, have already been concluded or are well underway elsewhere. Rather, this work supports the ongoing discussion on how to achieve sustainable levels of credit through collaboration between financial institutions (the engine of distribution), regulators (the keepers of stabil ...
... most notably of Basel III, have already been concluded or are well underway elsewhere. Rather, this work supports the ongoing discussion on how to achieve sustainable levels of credit through collaboration between financial institutions (the engine of distribution), regulators (the keepers of stabil ...
Why Do SMEs Use Informal Credit? A Comparison between Countries
... and Stove, 1993). Another important aspect of trade credit is related to research in the field of operations (Haley and Higghins, 1973) and as a method for price discrimination (e.g., Petersen and Rajan, 1997). More recently, Shi and Zhang (2014) consider trade credit as an interaction of financing, ...
... and Stove, 1993). Another important aspect of trade credit is related to research in the field of operations (Haley and Higghins, 1973) and as a method for price discrimination (e.g., Petersen and Rajan, 1997). More recently, Shi and Zhang (2014) consider trade credit as an interaction of financing, ...
Home credit remedies evaluation
... of the data-sharing remedy in increasing the constraint from mainstream lenders on home credit providers. Looking forward, the paper concludes that maximizing the impact of the website remedy in particular will be important. This remedy remains well supported by stakeholders and can be used to conti ...
... of the data-sharing remedy in increasing the constraint from mainstream lenders on home credit providers. Looking forward, the paper concludes that maximizing the impact of the website remedy in particular will be important. This remedy remains well supported by stakeholders and can be used to conti ...
Is there any Dependence between Consumer Credit
... with respect to their repayment schedule and their much lower interest rates. The term loans in the dataset are also granted upon credit approval, and are not necessarily subject to collateralization. Both credit instruments should be viewed as consumption credit, in contrast with mortgage-linked or ...
... with respect to their repayment schedule and their much lower interest rates. The term loans in the dataset are also granted upon credit approval, and are not necessarily subject to collateralization. Both credit instruments should be viewed as consumption credit, in contrast with mortgage-linked or ...
Credit Scores, Reports, and Getting Ahead in
... with low credit scores becomes pricegouging rather than just cost-covering is not clear. In a market that functions perfectly, competition would drive prices to that point. But evidence that consumers are under-informed certainly creates an incentive for over-charging.13 On the other hand, it is not ...
... with low credit scores becomes pricegouging rather than just cost-covering is not clear. In a market that functions perfectly, competition would drive prices to that point. But evidence that consumers are under-informed certainly creates an incentive for over-charging.13 On the other hand, it is not ...
Herman J. Bierens - Personal.psu.edu
... has two direct impacts on the time series properties of portfolio credit spreads. First, since large movements in credit spreads of an issuer are often accompanied by changes in credit ratings, credit spreads on index rebalancing days are implicitly bounded by some absorbing boundaries for rating ba ...
... has two direct impacts on the time series properties of portfolio credit spreads. First, since large movements in credit spreads of an issuer are often accompanied by changes in credit ratings, credit spreads on index rebalancing days are implicitly bounded by some absorbing boundaries for rating ba ...
The Good, the Bad, and the Ugly: An inquiry into the causes and
... unit measure of agents arrives and stay active for two periods. In the first period, each agent is endowed with and supplies inelastically one unit of the input called “labor” at the competitive “wage rate,” wt . The agents consume only in the second period. Thus, the aggregate labor supply is Lt = ...
... unit measure of agents arrives and stay active for two periods. In the first period, each agent is endowed with and supplies inelastically one unit of the input called “labor” at the competitive “wage rate,” wt . The agents consume only in the second period. Thus, the aggregate labor supply is Lt = ...
Credit Reporting at the Base of the Pyramid: Key Issues
... Retailers and other types of firms that provide credit or services in advance of payment (such as utilities, schools, or sellers of agricultural inputs) may also use arms-length lending methodologies that require access to credit data. While smaller retailers are likely to base decisions on informal ...
... Retailers and other types of firms that provide credit or services in advance of payment (such as utilities, schools, or sellers of agricultural inputs) may also use arms-length lending methodologies that require access to credit data. While smaller retailers are likely to base decisions on informal ...
NBER WORKING PAPER SERIES AGGREGATE IMPLICATIONS OF CREDIT MARKET IMPERFECTIONS Kiminori Matsuyama
... Credit market imperfections provide the key to understanding many important issues in business cycles, growth and development, and international economics. Recent progress in these areas, however, has left in its wake a bewildering array of individual models with seemingly conflicting results. This ...
... Credit market imperfections provide the key to understanding many important issues in business cycles, growth and development, and international economics. Recent progress in these areas, however, has left in its wake a bewildering array of individual models with seemingly conflicting results. This ...
This PDF is a selection from a published volume from... Economic Research Volume Title: NBER Macroeconomics Annual 2007, Volume 22
... of the financial structure. Indeed, the model stract tomake ameaningful distinction between the equity, the debt, the should be viewed bonds, or any other forms of financial claims, which as an advantage ...
... of the financial structure. Indeed, the model stract tomake ameaningful distinction between the equity, the debt, the should be viewed bonds, or any other forms of financial claims, which as an advantage ...
Post-Crisis Credit Slowdown in South
... 2005, while Macedonia and Bosnia & Herzegovina followed a pattern of a gradual acceleration, with credit growth reaching its peak in 2007-2008 with rates ranging between 30-45%. Croatia stands outside these two groups of countries. It is a country that reported the lowest credit growth in 2004, of a ...
... 2005, while Macedonia and Bosnia & Herzegovina followed a pattern of a gradual acceleration, with credit growth reaching its peak in 2007-2008 with rates ranging between 30-45%. Croatia stands outside these two groups of countries. It is a country that reported the lowest credit growth in 2004, of a ...
The Macro-Economic Effects of Directed Credit Policies: A Real
... encourages less productive investment than would otherwise have been possible. The argument is that Ð assuming symmetric information between lender and borrowers Ð the allocation of credit to priority sectors reduces the credit available to the other sectors, resulting in a displacement of projects ...
... encourages less productive investment than would otherwise have been possible. The argument is that Ð assuming symmetric information between lender and borrowers Ð the allocation of credit to priority sectors reduces the credit available to the other sectors, resulting in a displacement of projects ...
Credit Access and Social Welfare in France and America
... regulations has been interpreted as limiting the supply of credit in order to limit the social costs of free credit markets.15 The problem with this efficiency-versus-equity argument as it relates to consumer credit markets is that neither American nor French policymakers believed that such a trade- ...
... regulations has been interpreted as limiting the supply of credit in order to limit the social costs of free credit markets.15 The problem with this efficiency-versus-equity argument as it relates to consumer credit markets is that neither American nor French policymakers believed that such a trade- ...
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... hold large amounts of raw materials inventories (relative to finished goods inventories) will be better able to obtain trade credit financing where necessary. 4 The second theory involves price discrimination as a motive for trade credit provision by suppliers. Brennan, Maksimovic and Zezhner (1988 ...
... hold large amounts of raw materials inventories (relative to finished goods inventories) will be better able to obtain trade credit financing where necessary. 4 The second theory involves price discrimination as a motive for trade credit provision by suppliers. Brennan, Maksimovic and Zezhner (1988 ...
Credit spreads - Bank of England
... companies are limited. This means that the corporate credit spread is calculated using a range of data, including from surveys. More detail on how the corporate credit spread is calculated can be found in the box on pages 142–43. The methodology used by Bank staff to calculate these measures of cred ...
... companies are limited. This means that the corporate credit spread is calculated using a range of data, including from surveys. More detail on how the corporate credit spread is calculated can be found in the box on pages 142–43. The methodology used by Bank staff to calculate these measures of cred ...
An Analysis of the Uniform Consumer Credit Code
... economic realities that are likely to emerge in the numerous individual transactions that will take place in the marketplace. The Code also incorporates some new regulations concerning rights and obligations of the individual borrowers and creditors. The drafters have been innovative in creating a r ...
... economic realities that are likely to emerge in the numerous individual transactions that will take place in the marketplace. The Code also incorporates some new regulations concerning rights and obligations of the individual borrowers and creditors. The drafters have been innovative in creating a r ...
building the case for social investment in credit unions
... impact through their provision of inclusive and affordable financial services. Yet despite this, there is limited evidence of external investment playing a significant role in scaling up individual credit unions or in increasing the sustainability of the credit union sector. In fact, our research sh ...
... impact through their provision of inclusive and affordable financial services. Yet despite this, there is limited evidence of external investment playing a significant role in scaling up individual credit unions or in increasing the sustainability of the credit union sector. In fact, our research sh ...
A Collaborative Economy for the Common Good
... growth spike has occurred of about 2% annually. This headline figure, however, can be very misleading, because Greater London has been experiencing a boom whilst other regions, particularly in the north of England and Wales, have remained in a downturn. Indeed these regions may need a fundamentally ...
... growth spike has occurred of about 2% annually. This headline figure, however, can be very misleading, because Greater London has been experiencing a boom whilst other regions, particularly in the north of England and Wales, have remained in a downturn. Indeed these regions may need a fundamentally ...
Tackling financial exclusion through local
... This research began with high level mapping of local finance partnerships in operation across the UK and desk based research into partnership case studies – both in the UK and the United States. Once significant initiatives had been identified, a series of interviews were carried out with stakehold ...
... This research began with high level mapping of local finance partnerships in operation across the UK and desk based research into partnership case studies – both in the UK and the United States. Once significant initiatives had been identified, a series of interviews were carried out with stakehold ...
open-end credit under -truth-in- lending
... credit card plans could be held responsible for making disclosures at the time of each "transaction." Further, each merchant could be required to make the disclosures in question, simply by belonging to a particular bank credit card plan.24 20. For most open-end credit plans, this means that a discl ...
... credit card plans could be held responsible for making disclosures at the time of each "transaction." Further, each merchant could be required to make the disclosures in question, simply by belonging to a particular bank credit card plan.24 20. For most open-end credit plans, this means that a discl ...