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Microfounding consumption: Uncertainty, liquidity and heterogeneity

Druedahl, Jeppe - 2015

Persistent link: https://www.econbiz.de/10012503174

The degree of judicial enforcement and credit markets: Evidence from Japanese household panel data

Horioka, Charles Yuji; Sekita, Shizuka - 2009

being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … Survey of Consumers, conducted by the Institute for Research on Household Economics, in conjunction with judicial data by …

Persistent link: https://www.econbiz.de/10010332377

Remittances and chain migration: longitudinal evidence from Bosnia and Herzegovina

Dimova, Ralitza; Wolff, François-Charles - 2009

Most of the literature on remittances has focused on their implications for the welfare of family members in the country of origin and has disregarded the possibility for remittances to trigger chain migration. In this paper, we address this issue with the use of longitudinal data from Bosnia...

Persistent link: https://www.econbiz.de/10010330096

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

Empirical measurement of credit rationing in agriculture: a methodological survey

Petrick, Martin - 2003

literature. Furthermore, based on a common analytical framework entailing a formal model of a credit rationed farm household, the … secondary credit sources, econometric household modelling, and the econometric analysis of dynamic investment decisions. The …-sectional household data. Only dynamic modelling of investment decisions necessitates the availability of panel data, therefore …

Persistent link: https://www.econbiz.de/10010299438

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

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

Capital Market Failure, Adverse Selection and Equity Financing of Higher Education

Jacobs, Bas; van Wijnbergen, Sweder J.G. - 2005

We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...

Persistent link: https://www.econbiz.de/10010325581

A constitutional theory of the family

Cigno, Alessandro - 2005

The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...

Persistent link: https://www.econbiz.de/10010267482

Sharing the pain? Credit supply and real effects of bank bail-ins

Lopes, Samuel da Rocha; Beck, Thorsten; Silva, André F. - 2018

We analyze the credit supply and real sector effects of bank bail-ins by exploiting the unexpected failure of a major Portuguese bank and subsequent resolution. Using a matched firm-bank dataset on credit exposures and interest rates, we show that while banks more exposed to the bail-in...

Persistent link: https://www.econbiz.de/10014564962

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