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This paper is a supplement to Ghossoub [11]. In this supplement, some of the results of Ghossoub [11], as well as the techniques used to obtain these result are extended to a more general problem of demand for contingent claims with belief heterogeneity. Moreover, a general problem of monotone...
Persistent link: https://www.econbiz.de/10011109512
Abstract This paper applies Contingent Claims model a la Dixit and Pindyck (1994), on bank investment. Banks are indifferent between investing their assets on their own and extending loans to investors. The critical decision faced by the banker is the timing of the investment decision and its...
Persistent link: https://www.econbiz.de/10005621981
credit market. Informational asymmetries may be mitigated by posting collateral or by building relationships with lenders … (relationship lending). However, in some cases, due to a lack of collateral or of a long credit history, small enterprises may still …
Persistent link: https://www.econbiz.de/10005835569
Business Finance, the empirical model show that bank concentration may adversely affect the amount of credit supplied to small …-to-asset ratio of small firms that includes loans from nonbank institutions, suggesting that credit from non-bank institutions do not …
Persistent link: https://www.econbiz.de/10005622191
In recent years, an important number of impact studies have attempted to examine the effect of credit on income poverty … Metropolitan area of Mexico City. The paper provides an estimation of the impact of credit, employing different equivalence scales …
Persistent link: https://www.econbiz.de/10005835401
that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where … mergers have occurred are more likely than other banks to deny credit to small business loan applicants. However, this … one set of banks, those in the process of acquiring other banks, are less likely to deny credit to small businesses. These …
Persistent link: https://www.econbiz.de/10005836119
unique category. The most represented type of risk in credit is a credit risk. It is possible to divide factors of risk … between decision-making and investment influences the size of a credit risk. The length of credit structure influences the … risk. The cognition of debtor's debt servicing potential, methods of coverage credit risk and indicators of credit risk …
Persistent link: https://www.econbiz.de/10005836609
analysis and formal econometric tests based on several indicators of the credit market. First of all, the descriptive analysis … shows that the main relationship between credit indicators, monetary policy and economic activity are in line with the … predictions of the credit channel theory. Additionally, it highlights the fact that bank loans in Brazil are predominantly short …
Persistent link: https://www.econbiz.de/10005837282
differentials between the domestic and international markets (indicating arbitrage) and the credit conditions. The real variable …
Persistent link: https://www.econbiz.de/10005837530
-employment as well as wage employment at a time to increase their welfare. The shifters due to relaxation of credit constraint or … proliferation of access to credit moves toward sole self-employment activity with higher likelihood than the dual activity – to be …
Persistent link: https://www.econbiz.de/10009203616