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The role of Annual Percentage Rate (APR) in installment plan selection was investigated. The choice of analyzing APR was motivated by its wide diffusion due to the mandatory disclosure acts. There have been doubts towards consumer understanding of APR. A sample of 299 consumers were given five...
Persistent link: https://www.econbiz.de/10009652919
Existing studies are not conclusive in favor of a strong relationship between the financial literacy and the ability to take better borrowing decisions. Results are quite heterogeneous and often point out the relevance of other factors, such as socio-demographic features or practical experience...
Persistent link: https://www.econbiz.de/10009652948
The global financial crisis has drawn the attention of both scholars and supervisors to the issue of financial education as an instrument for the development of efficient markets. The aim of this paper is to test the hypothesis that financial experience, gained with the daily use of different...
Persistent link: https://www.econbiz.de/10009652949
period of 2003-2009. The efficiency estimates of individual banks are evaluated using the non-parametric Data Envelopment … scale efficiency in World Islamic banking countries. We find that banks from the high income countries were the leaders by …
Persistent link: https://www.econbiz.de/10009223359
of Barbados. It uses questionnaires and interviews to ascertain how banks set their provisional standards and levels. In … addition, the results from this approach reveal, for the first time in Barbados, the individual banks‟ procedures for loan loss … provisioning. An evaluation of the impact of macroeconomic and bank specific factors on commercial banks‟ provisions utilising …
Persistent link: https://www.econbiz.de/10009294930
there was no investigation into the recipient banks’ business plans or financial condition to allow restructuring to be … program: boosting recipient banks regulatory capital ratios. But we find that the program failed to achieve another important … policy objective, to stimulate bank lending. To the contrary, we find evidence that recipient banks reduced lending …
Persistent link: https://www.econbiz.de/10009295286
-country crises experience; (ii) indirect credit risk due to foreign currency exposures of unhedged borrowers; (iii) varying … underwriting practices across banks and their asset classes based on their relative aggressiveness of lending; (iv) higher … as the relevant outcome indicator to measure the resilience of banks to materialising credit risk. We apply the proposed …
Persistent link: https://www.econbiz.de/10009328116
banks have now merged to just three financial conglomerates that are among the largest in the world. Is this a sign of the … and acquisitions activity during our sample period), the city, trust and long-term credit banks, actually exhibit lower … profitability measured in ROA and ROE than the smaller regional banks. The “Big Bang” did not succeed in promoting a more profitable …
Persistent link: https://www.econbiz.de/10009372495
The present paper aims to propose an explanation for the rationale behind the current banking regulatory arrangement in China. A now stable and relatively healthy banking system emerged largely unscathed from the financial crisis without relying much on recognised international best practices in...
Persistent link: https://www.econbiz.de/10009422005
its existing laws that had allowed Turkish residents to borrow in foreign currency from banks operating in Turkey. The … determinants and consequences of foreign currency lending for banks in Turkey in the run-up to this significant policy change. Our … analysis uses detailed foreign and Turkish currency composition bank data for 21 commercial banks in Turkey between 2002 and …
Persistent link: https://www.econbiz.de/10009647287