Narrow search
Showing 1 - 10 of 102
Cover Image
Form Follows Function: On the Interaction between Real Estate Finance and Urban Spatial Structure
Bieri, David - Volkswirtschaftliche Fakultät, … - 2012
The fundamental connection between the spatial development of cities and financial markets is a topic that has received little attention from either urbanists or economists. In this short piece, I argue that part of the post-crisis recovery is predicated on a multi-faceted understanding of the...
Persistent link: https://www.econbiz.de/10011112558
Cover Image
Essai sur le système financier: une analyse du marché du crédit en Afrique Subsaharienne
Thiombiano, Lardia Marcel - Volkswirtschaftliche Fakultät, … - 2013
This paper aims to characterize the behavior of economic agents on Sub-Saharan Africa’s credit market in order to understand the financial exclusion of poor households. Through its theoretical approach, it gives a description of the functioning of the credit market. By considering the social...
Persistent link: https://www.econbiz.de/10011259545
Cover Image
Trade Between Similar Countries: The Role of Credit Market Imperfection
Marjit, Sugata - Volkswirtschaftliche Fakultät, … - 2012
We build up a simple Ricardian trade model with imperfection in the market for credit which affects the pattern of production. Workers/entrepreneurs are endowed with different levels “capital” and need to borrow to produce the credit intensive good. We argue that in such a framework...
Persistent link: https://www.econbiz.de/10011259555
Cover Image
Credit market and prediction of its future development
Vodová, Pavla - Volkswirtschaftliche Fakultät, … - 2008
This study focuses on the credit market in the Czech Republic. The aim of this paper is to carry out an econometric investigation of supply and demand on the credit market and to predict the development in the future. The first part of the paper briefly characterizes the credit market in the...
Persistent link: https://www.econbiz.de/10005790143
Cover Image
Measuring the integration of credit markets
Pavla, Vodová - Volkswirtschaftliche Fakultät, … - 2009
The need for adequate integration of financial markets is increasingly emphasized in the eurozone countries. The aim of this paper is to describe how to measure credit market integration. The financial and credit market integration are defined in second chapter. Three methods of measuring credit...
Persistent link: https://www.econbiz.de/10008646779
Cover Image
On the Sustainability of Product Market Collusion under Credit Market Imperfection
Marjit, Sugata; Mukherjee, Arijit; Yang, Lei - Volkswirtschaftliche Fakultät, … - 2014
We study the implication of credit constraints for the sustainability of product market collusion in a bank financed Cournot duopoly when firms face an imperfect credit market. We consider two situations without or with credit rationing. When there is no credit rationing moderately higher cost...
Persistent link: https://www.econbiz.de/10011108211
Cover Image
A Ricardian Theory of Production, Trade and Finance - The Role of Credit Market Imperfection
Beladi, Hamid; Chakrabarti, Avik; Marjit, Sugata - Volkswirtschaftliche Fakultät, … - 2014
We build up a Ricardian trade model for a small open economy with imperfection in the market for credit which eventually affects the pattern of production and trade. Workers/entrepreneurs are endowed with different levels “capital” and need to borrow to produce the credit intensive good....
Persistent link: https://www.econbiz.de/10011109643
Cover Image
Collateral constraints and rental markets
d'Albis, Hippolyte; Iliopoulos, Eleni - Volkswirtschaftliche Fakultät, … - 2013
We study a benchmark model with collateral constraints and heterogeneous discounting. Contrarily to a rich literature on borrowing limits, we allow for rental markets. By incorporating this missing market, we show that impatient agents choose to rent rather than to own the collateral in the...
Persistent link: https://www.econbiz.de/10011111294
Cover Image
Explaining the Housing Bubble
Levitin, Adam; Wachter, Susan - Volkswirtschaftliche Fakultät, … - 2012
. First, it demonstrates that the bubble was a supply-side phenomenon attributable to an excess of mispriced mortgage finance …: mortgage-finance spreads declined and volume increased, even as risk increased—a confluence attributable only to an oversupply … of mortgage finance. Second, it explains the mortgage-finance supply glut as resulting from the failure of markets to …
Persistent link: https://www.econbiz.de/10011261024
Cover Image
The role of neighborhood characteristics in mortgage default risk: evidence from New York City
Chan, Sewin; Gedal, Michael; Been, Vicki; Haughwout, Andrew - Volkswirtschaftliche Fakultät, … - 2011
conclude that it likely reflects differential treatment of black neighborhoods by the mortgage industry in ways that are …
Persistent link: https://www.econbiz.de/10009328124