since the mid-1930s when banks invented the term loan. Concurrently, bank innovation first involved the invention of credit …

Credit scoring was introduced in India in 2007. We study the pace of its adoption by new private banks (NPBs) and state …-owned or public sector banks (PSBs). NPBs adopt scoring quickly for all borrowers. PSBs adopt scoring quickly for new borrowers … banks suggests that neither bank size nor government ownership fully explains adoption patterns. Organizational culture …

We examine whether examiners were informed and contributed to the health of the banking sector. Information included … quality of bank assets and management. All three types of information were useful for gauging the condition of the bank, and …

We study specialized lending in a credit market competition model with private information. Two banks, equipped with … similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank …

We study the impact on the skill premium of increases in the quality of goods consumed by households ("trading up …"). Our empirical work shows that high- quality goods are more intensive in skilled labor than low-quality goods and that … household spending on high-quality goods rises with income. We propose a model consistent with these facts. This model accounts …

the market for quality. However, inadequate risk adjustment of report-card measures often biases comparisons across …

large effects on the quality of care that patients receive, and that all of these effects persist for several years. Our … results suggest that switching to higher-quality PCPs could significantly affect patients' longer-run health outcomes …

outcomes, proximity, and even peer quality. Parents also value schools that reduce crime and increase formal labor market …