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Is there discriminatory mortgage pricing against immigrants in the Spanish lending market?

Diaz-Serrano, Luis; Raya, Josep M. - 2011

In this paper, we investigate whether evidence of discriminatory treatment against immigrants in the Spanish mortgage market exists. More specifically, we test whether, ceteris paribus, immigrant borrowers tend to be charged with higher interest rates on their mortgages than their Spanish born...

Persistent link: https://www.econbiz.de/10010278468

Detecting mortgage delinquencies

Askitas, Nikos; Zimmermann, Klaus F. - 2011

Economic hardship is strongly reflected by the housing market. It is the concern of much research, but its analysis is often obstructed by insufficient lagged data. This paper evaluates search intensity for hardship letter from Google Insights to detect ensuing mortgage delinquencies. Such...

Persistent link: https://www.econbiz.de/10010278657

The value of business networks in emerging economies: An analysis of firms' external financing opportunities

Owolabi, Oluwarotimi; Pal, Sarmistha - 2011

The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minimize the underlying agency costs of lending. An analysis of recent BEEPS data from fifteen...

Persistent link: https://www.econbiz.de/10010278718

Credit constraints and productive entrepreneurship in Africa

Baliamoune-Lutz, Mina; Brixiova, Zuzana; Ndikumana, Leonce - 2011

Limited access of entrepreneurs to credit constrains the creation and growth of private firms. In Africa, access to credit is particularly limited for small and medium enterprises (SMEs) due to unclear property rights and the lack of assets that can be used as collateral. This paper presents a...

Persistent link: https://www.econbiz.de/10010282171

Pregibit: A family of discrete choice models

Vijverberg, Chu-ping C.; Vijverberg, Wim P. - 2012

The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests...

Persistent link: https://www.econbiz.de/10010282457

Business cycle effects of credit and technology shocks in a DSGE model with firm defaults

Pesaran, Hashem; Xu, TengTeng - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...

Persistent link: https://www.econbiz.de/10010282516

Do Interventions Targeted at Micro-Entrepreneurs and Small and Medium-Sized Firms Create Jobs? A Systematic Review of the Evidence for Low and Middle Income Countries

Grimm, Michael; Paffhausen, Anna Luisa - 2014

not only improve business practices and performance but also lead to additional jobs. A striking finding is that the study …

Persistent link: https://www.econbiz.de/10010377353

Recovery Performance of Primary Agriculture Credit Societies in India: An Assessment

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

institution. The present study examines the recovery performance of rural credit given by PACS in six different regions of India … namely Central, Northern, Southern, Eastern, North-East and Western. The result suggests that the performance of credit … recovery has been low in north-eastern states and high in northern and southern states. Recovery performance of credit is …

Persistent link: https://www.econbiz.de/10010398340

Cross-National Differences in Wealth Portfolios at the Intensive Margin: Is There a Role for Policy?

Doorley, Karina; Sierminska, Eva - 2014

Using harmonized wealth data and a novel decomposition approach in this literature, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that the association between household wealth portfolios at...

Persistent link: https://www.econbiz.de/10010398351

Banks and innovation: microeconometric evidence on Italian firms

Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - 2006

In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...

Persistent link: https://www.econbiz.de/10010267494