Purpose – The purpose of this paper is to investigate the economic significance of informal borrowing between friends … matter of course. In part, it is believed that a preference for informal borrowing is related to some forms of credit … that informal lending amongst friends and relatives cannot be dismissed as a significant economic factor in the financing …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

value without centralized intermediaries. It relies heavily on peer-to-peer lending and borrowing, decentralized exchanges …

We develop a two-period model with foreign investment and international borrowing and lending. We find that temporary …

Purpose – The purpose of this paper is to provide insights into peer-to-peer (P2P) lending which has served as one … criteria, certain borrower personal characteristics fuel interpersonal competition enough to impact lending decisions in … suboptimal ways. The two experiments support this proposition. As the result, while P2P lending offers unprecedented financial …