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Does the Community Reinvestment Act increase small business lending in lower income neighborhoods?

Kim, Mee Jung; Lee, Kyung Min; Earle, John S. - 2021

We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...

Persistent link: https://www.econbiz.de/10012609174

Recovery performance of primary agriculture credit societies in India : an assessment

Mazumder, Rabin; Chakravarty, Chandrasekhar; Bhandari, … - 2014

credit has still remained scarce in India. Primary Agriculture Credit Societies (PACS) working at grass-root level, having … institution. The present study examines the recovery performance of rural credit given by PACS in six different regions of India … Bank of India in collaboration with State Governments. …

Persistent link: https://www.econbiz.de/10010379210

How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India

Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016

success of banking reforms in India where significant banking reforms have been introduced since 1990s. Using the argument …

Persistent link: https://www.econbiz.de/10011493763

Repayment versus investment conditions and exclusivity in lending contracts

Bougheas, Spiros P.; Dasgupta, Indraneel; Morrissey, Oliver - 2009

Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action (‘investment’). We build an...

Persistent link: https://www.econbiz.de/10003923918

Financial dependence, formal credit, and informal jobs : new evidence from Brazilian household data

Catão, Luis; Pagés, Carmen; Rosales, Maria Fernanda - 2009

This paper examines a much overlooked link between credit markets and formalization: since access to bank credit typically requires compliance with tax and employment legislation, firms are more likely to incur such formalization costs once bank credit is more widely available at lower cost; if...

Persistent link: https://www.econbiz.de/10003925244

Financial markets, banks' cost of funding, and firms' decisions : lessons from two crises

Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2013

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010-2012 sovereign debt crisis. Using newly available data linking over...

Persistent link: https://www.econbiz.de/10010229932

Does greater inequality lead to more household borrowing? : new evidence from household data

Coibion, Olivier; Gorodnichenko, Yuriy; Kudlyak, Marianna; … - 2014

One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome households. Using household level data on...

Persistent link: https://www.econbiz.de/10010238213

Personal bankruptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"

Fossen, Frank M. - 2011

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...

Persistent link: https://www.econbiz.de/10009126032

The welfare effects of law enforcement in the illegal money lending market

Leong, Kaiwen; Li, Huailu; Pavanini, Nicola; Walsh, … - 2022

We estimate a structural model of borrowing and lending in the illegal money lending market using a unique panel survey of 1,090 borrowers taking out 11,032 loans from loan sharks. We use the model to evaluate the welfare effects of alternative law enforcement strategies. We find that a large...

Persistent link: https://www.econbiz.de/10013262951

Home ownership and home equity promote entrepreneurial activity

Hassink, Wolter H. J.; Millone, Matteo; Mocking, Remco; … - 2021

This paper studies the effects of private real estate collateral on entrepreneurial lending and entrepreneurial activity in the Netherlands. The residential collateral channel is especially relevant for sole-proprietors who own a business with unlimited liability. We used administrative data on...

Persistent link: https://www.econbiz.de/10012485842

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