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Microfinance and markets : new results for the Besley-Coate group lending model
Arnold, Lutz; Reeder, Johannes; Steger, Susanne E. - 2009
Microfinance currently experiences a huge inflow of private investors and a surge in the use of market instruments …. This raises the question of what market equilibria in microfinance markets look like and which kinds of market failure tend … problems, but do not eliminate them. -- microfinance ; group lending ; enforcement …
Persistent link: https://www.econbiz.de/10003843408
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Competing Lending Platforms, Endogenous Reputation, and Fragility in Microcredit Markets
Bardsley, Peter - 2015
rather than microfinance in isolation …
Persistent link: https://www.econbiz.de/10013036447
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When Pro-Poor Microcredit Institutions Favor Richer Borrowers - A Moral Hazard Story
Biancini, Sara; Venet, Baptiste; Ettinger, David - 2021
We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10013245624
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Loan repayment performance of clients of informal lending institutions : do borrowing histories and dynamic incentives matter?
Charles, Goodluck; Mori, Neema - In: International journal of development issues : IJDI 16 (2017) 3, pp. 260-275
Persistent link: https://www.econbiz.de/10011756750
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Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of central bank reserves
Basten, Christoph; Mariathasan, Mike - 2020
We identify the effects of negative interest rate policies on bank behavior using difference-in differences identification and data on all Swiss banks. First, we find that going negative can interrupt not only the pass-through from policy to deposit rates, but also that to mortgage rates....
Persistent link: https://www.econbiz.de/10012419657
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Who bears interest rate risk?
Hoffmann, Peter; Langfield, Sam; Pierobon, Federico; … - 2018
We study the allocation of interest rate risk within the European banking sector using novel data. Banks' exposure to interest rate risk is small on aggregate, but heterogeneous in the cross-section. In contrast to conventional wisdom, net worth is increasing in interest rates for approximately...
Persistent link: https://www.econbiz.de/10011901434
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The demand for long-term mortgage contracts and the role of collateral
Liu, Lu - 2023
Long-term fixed-rate mortgage contracts protect households against interest rate risk, yet most countries have relatively short interest rate fixation lengths. Using administrative data from the UK, the paper finds that the choice of fixation length tracks the life-cycle decline of credit risk...
Persistent link: https://www.econbiz.de/10014309040
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An economic capital model integrating credit and interest rate risk in the banking book
Alessandri, Piergiorgio; Drehmann, Mathias - 2010
Banks often measure credit and interest rate risk separately and then add the two risk measures to determine their overall economic capital. This approach misses complex interactions between the two risks. We develop a framework where credit and interest rate risks are analysed jointly. We focus...
Persistent link: https://www.econbiz.de/10003969368
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A model of mortgage default
Campbell, John Y.; Cocco, João F. - 2014 - This version: February 2014
This paper solves a dynamic model of households' mortgage decisions incorporating labor income, house price, inflation, and interest rate risk. It uses a zero-profit condition for mortgage lenders to solve for equilibrium mortgage rates given borrower characteristics and optimal decisions. The...
Persistent link: https://www.econbiz.de/10010254296
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Liquidity Risk and Interest Rate Risk on Banks : Are They Related?
Baldan, Cinzia - 2012
The study aims at ascertaining whether a relationship exists between the liquidity risk and the interest rate risk of credit institutions. By analysing the balance sheet of a small Italian bank during the years 2009 and 2010, we outlined its liquidity profile, the variables that influenced its...
Persistent link: https://www.econbiz.de/10013100264