implications of the credit boom-and-bust hypothesis, supplemented with asymmetric information, are consistent with the onset and …

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

Credit market imperfections can prevent the poor from making profitable investments. Under asymmetric information … observable features, such as wealth and collateral, play an important role in determining who gets credit, in violation of the … Equality of Opportunity principle. We define equality of opportunity as the equal possibility of getting credit for a given …

approaches to modeling informality within both partial and general equilibrium environments. We concentrate on labour and credit …

This paper presents a market-based framework for pricing Fund liquidity assistance that accounts for the credit risk …

. The tendency to underprice systemic liquidity risk and currency-induced credit risk creates vulnerabilities that need …, but few have addressed those arising from currency-induced credit risks. …

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. …