% to generate the same liquidity of a credit fire sale …We study the role of captive finance in the car loan market when manufacturers' liquidity demand increases. Using a new … multi-country dataset on securitized car loans, we show that captive lending enables a liquidity constrained integrated …

We show that loan origination time is key for bank lending standards, cycles, defaults and failures. We exploit the … credit register from Spain, with the time of a loan application and its granting. When VIX is lower (booms), banks shorten … loan origination time, especially to riskier firms. Bank incentives (capital and competition), capacity constraints, and …

For the emerging peer-to-peer (P2P) lending markets to survive, they need to employ credit risk management practices …-of-sample framework, our approach overwhelmingly dominates standard credit scoring models that are based on labeling loans as either … significantly--almost 2.5 times--higher when using our profit scoring approach compared to the standard credit-scoring model based …

lenders of bank loans. Reference firms are also less likely to terminate loans prematurely or refinance with different lenders … contributes to understanding how financial innovations alter bank-lending relationships …

This paper introduces agent heterogeneity, liquidity, and endogenous default to a DSGE framework. Our model allows for … the economy. Due to liquidity and endogenous default, the transmission mechanism of shocks is well defined, and their …

Using a unique data base of Global Credit Data with individual loan information from small and medium sized entities in …