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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
Home credit remedies evaluation
... of the data-sharing remedy in increasing the constraint from mainstream lenders on home
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 ...
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 ...
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 ...
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 = ...
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 ...
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 ...
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
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- ...
... 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 ...
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 ...
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 ...
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
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 ...
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 ...
The Antigonish Movement blended adult education, co-operatives, microfinance and rural community development to help small, resource-based communities around Canada’s Maritimes improve their economic and social circumstances. A group of priests and educators, including Father Jimmy Tompkins, Father Moses Coady, Rev. Hugh MacPherson and A.B. MacDonald led this movement from a base at the Extension Department at St. Francis Xavier University (St. F.X.) in Antigonish, Nova Scotia.The credit union systems of Nova Scotia, New Brunswick and PEI owe their origins to the Antigonish Movement, which also had an important influence on other provincial systems across Canada. The Coady International Institute at St. F.X. has been instrumental in developing credit unions and in asset-based community development initiatives in developing countries ever since.