a model in which this dependence is the result of an unobserved credit cycle: When times are bad, the default … ignoring the dynamic nature of credit risk could lead to a severe underestimation of credit risk (e.g. by a factor of up to 1 ….7 in terms of the 95% VaR). Also, the model indicates that the credit cycle is related to but distinct from the business …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces …

credit losses rise when the cycle falls, but less so when net income of banks is relatively high, which reduces …

This paper endeavours to assess the viability of the FONGS FINRURAL, a nascent network of 09 rural savings and credit …. Regarding the credit delivery, it appears that except ordinary loans, most of the loan products catered for are seasonal or …. To provide such credit products, MFIs rely on three main sources: the deposits, the borrowings and their equity. Most of …

We examine how asymmetric information and competition in the credit market affect voluntary information sharing between … lenders. We study an experimental credit market in which information sharing can help lenders to distinguish good borrowers … credit market increases the frequency of information sharing between lenders significantly. Competition between lenders …

-finance institutions and brought the micro-finance industry to an abrupt halt. We measure the impact of micro-credit withdrawal in this …

In this paper we describe the methodologies that can be used for stress testing credit risk providing some applications … the credit risk shock exceeded the largest historical shock. In addition, the impact of various adverse macroeconomic …

In this paper we describe the methodologies that can be used for stress testing credit risk providing some applications … the credit risk shock exceeded the largest historical shock. In addition, the impact of various adverse macroeconomic …

behind such restructuring processes, the globalisation of the credit markets, the consolidation of banking structures, the …