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Competitive Microcredit Markets: Differentiation and ex-ante Incentives for Multiple Borrowing
Casini, Paolo - 2010
We analyze an oligopolistic microcredit market characterized by asymmetric infirmation and institutions that can offer only one type of contract. We study the effects of competition on contract choice when small entrepreneurs can borrow from more than one institution due to the absence of credit...
Persistent link: https://www.econbiz.de/10010313284
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The Theoretical Derivation of Credit Market Segmentation as the Result of a Free Market Process
Tschach, Ingo E. - 2003
Information asymmetries make it difficult for banks to assess accurately whether specific entrepreneurs are able and/or willing to repay their loans. This leads to implicit interest rate ceilings, i.e. banks refuse to increase their interest rates beyond this ceiling as this would lower their...
Persistent link: https://www.econbiz.de/10010316287
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Credit Rationing Effects of Credit Value-at-Risk
Slijkerman, Jan Frederik; Smant, David J.C.; de Vries, … - 2004
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...
Persistent link: https://www.econbiz.de/10010325499
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When do we have borrower or credit volume rationing in competitive credit market with imperfect information?
Kraus, Daniel - 2010
This paper examines the conditions for credit volume or borrower rationing in a competitive credit market in which the project characteristics are private information of the borrowers. There can only be credit volume rationing if the higher-risk credit applicants have a higher return in the...
Persistent link: https://www.econbiz.de/10010319299
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Why use ROSCAs when you can use the banks? Theory and evidence from Ethiopia
Kedir, Abbi; Disney, Richard; Dasgupta, Indraneel - 2011
household data for Ethiopia, that in fact use of formal institutions and ROSCAs can co-exist, even in the same household. We …
Persistent link: https://www.econbiz.de/10010288492
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Do institutions have a greater effect on female entrepreneurs?
Estrin, Saul; Mickiewicz, Tomasz - 2009
This paper compares the impact of institutions on individual decisions to become entrepreneurs in the form of new business start ups by males and females across 44 developed and developing economies between 1998 and 2004. We test four hypotheses; that women are less likely to undertake...
Persistent link: https://www.econbiz.de/10010269391
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Networks of Micro and Small Enterprise Banks: A Contribution to Financial Sector Development
Schmidt, Reinhard H.; Von Pischke, J.D. - 2004
The paper is a follow-up to an article published in Technique Financière et Developpement in 2000 (see the appendix to the hardcopy version), which portrayed the first results of a new strategy in the field of development finance implemented in South-East Europe. This strategy consists in...
Persistent link: https://www.econbiz.de/10010316100
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A Note on Credit-Worthiness Tests
Kirstein, Roland; Neunzig, Alexander R. - 1999
Banks often have to determine the credit worthiness, i.e. the ability to repay the loan, of their customers ex-ante. According to the theory of imperfect diagnosis, it can be rational not to use an informative diagnosis result, even though it can be acquired without costs. We call this...
Persistent link: https://www.econbiz.de/10010296951
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Empirical measurement of credit rationing in agriculture: a methodological survey
Petrick, Martin - 2003
angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen analytischen Bezugsrahmens … Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv hohen, messbaren Transaktionskosten auf … Kreditrationierung zumindest implizit als andauernde Überschussnachfrage, folglich eine Mengenbeschränkung. Die sechs Vorgehensweisen …
Persistent link: https://www.econbiz.de/10010299438
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Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens
Sell, Friedrich L. - 1999
von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert …
Persistent link: https://www.econbiz.de/10010300400