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Is rationing in the microfinance sector determined by the microfinance type? : evidence from Ghana
Diaz-Serrano, Luis; Sackey, Frank Gyimah - 2015
This study sets out to examine the extent to which access to credit and credit rationing are influenced by the microfinance type based on the major factors determining micro, small and medium enterprises' access to credit from microfinance institutions in the era of financial liberalization. The...
Persistent link: https://www.econbiz.de/10010510572
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Empowering the vulnerable to be entrepreneurs : an empirical test on the effectiveness of the Ghana microfinance policy 2006
Diaz-Serrano, Luis; Sackey, Frank Gyimah - 2016
The study aims at testing the Ghana Microfinance Policy set up to support the vulnerable through access to credit. We resort to the Blinder-Oaxaca decomposition to determine if there is positive discrimination in favor of women and young entrepreneurs in the rationing behavior of the...
Persistent link: https://www.econbiz.de/10011580565
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Delay of gratification and the role of defaults : an experiment with kindergarten children
Sutter, Matthias; Yilmaz, Levent; Oberauer, Manuela - 2015
. By setting a simple default this fraction increases to more than 70%, indicating that simple defaults work very …
Persistent link: https://www.econbiz.de/10011317627
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Consumer debt and default : a macro perspective
Exler, Florian; Tertilt, Michele - 2020
In this survey, we review the quantitative macroeconomic literature analyzing consumer debt and default. We start by … has by now become the workhorse model of consumer credit and default. We discuss a quantitative version of the model and … use it to decompose the main reasons for default. We also use the model to illustrate how the details of default costs …
Persistent link: https://www.econbiz.de/10012171050
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Households debt restructuring : the re-default effect of a debt suspension
Fraisse, Henri - 2017
filings to managers, we show that a debt suspension has a very significant and negative effect on the likelihood to re-default …
Persistent link: https://www.econbiz.de/10011732088
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Is there a social security tax wedge?
Cigno, Alessandro (contributor) - 2006
A Beveridgean pension scheme invariably introduces a wedge between the wage rate and the marginal take-home pay. A Bismarckian one can do so only if it is not actuarially fair, or in the presence of credit rationing. Interestingly, if the two possible sources of distortion are present at the...
Persistent link: https://www.econbiz.de/10003278947
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Finance and growth at the firm level : evidence from SBA loans
Brown, J. David; Earle, John S. - 2015
We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history,...
Persistent link: https://www.econbiz.de/10011309136
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The macroeconomics of labor and credit market imperfections
Wasmer, Etienne; Weil, Philippe - 2000
Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...
Persistent link: https://www.econbiz.de/10011336864
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When credit dries up : job losses in the Great Recession
Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - 2013
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...
Persistent link: https://www.econbiz.de/10010225894
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Corporate efficiency, credit status and investment
Quader, Manzur; Taylor, Karl - 2014
Using a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009, endogenous switching regression models (SRM) incorporating a predicted corporate efficiency index are estimated in this paper in an effort to clarify the role of cash flow in examining the impact...
Persistent link: https://www.econbiz.de/10010379263