credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in … Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do … Basel II might cause greater procyclicality of credit. …

commercial credit rating agencies. Estimates for 20 emerging market economies show that sovereign ratings react procyclically to … run up to the crises. Simulations suggest modest efficiency gains of using sovereign credit ratings for capital …

resources to debt collection. We develop a new theory of credit card lending that takes these two features into account. The two …In the data, most consumer defaults on unsecured credit are informal and the lending industry devotes significant …. We show that the model gives rise to a novel channel through which IT progress can affect outcomes in the credit markets …

liberalization, by equalizing access to credit, reduces the variation in expected marginal returns. They test this prediction using a …