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Our money our lives : microcredit and women's empowerment in cross-cultural perspective
Faessel, Victor - 2018
Persistent link: https://www.econbiz.de/10011926461
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Subprime-Krise, strukturierte Finanzierung und die Förderung der Mikrokreditvergabe
Terberger, Eva - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 40-55
Garantien eine quasi unlimitierte Förderquelle, die zur Erhöhung systemischer Risiken beitrug. In der Mikrofinanzierung dagegen … Kapitalmarkt für die Mikrofinanzierung erschließen, ohne die Gefahr einer unkontrollierten Ausweitung von Risiken einzugehen. … increasing the burden of public risk. Quite differently, microfinance is supported by investing scarce donor funds into the …
Persistent link: https://www.econbiz.de/10010377871
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Measurement and determinants of access to loans
Hainz, Christa; Nabokin, Tatjana - 2013
Measuring and identifying financial constraints represents an important challenge in empirical studies. Due to data limitations perception-based indicators or approximations of access to finance by the usage of finance are often used, disregarding firm-specific differences in the demand for...
Persistent link: https://www.econbiz.de/10009728261
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From boom to bust : how different has microfinance been from traditional banking?
Wagner, Charlotte - 2010
This paper presents an in-depth analysis of developments in the microfinance sector before and after the Lehman … developing countries. The findings indicate that microfinance has been part of the same credit boom observed in the traditional … capital. This raises the question whether the crisis resilience the microfinance sector has shown in the past remains a …
Persistent link: https://www.econbiz.de/10008758753
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A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA
Cruz Rambaud, Salvador; López Pascual, Joaquín; … - In: Financial innovation : FIN 9 (2023) 1, pp. 1-25
The subject of this study is the microcredit market in the USA, more specifically in Florida. The justification for choosing this specific state is the massive presence of the Hispanic population. This will facilitate a generalization of the obtained results to the microcredit market in Latin...
Persistent link: https://www.econbiz.de/10014288915
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US and European Household Debt and Credit Constraints
Crook, Jonathan; Hochguertel, Stefan - 2007
This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...
Persistent link: https://www.econbiz.de/10010325196
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Macro, Industry and Frailty Effects in Defaults: The 2008 Credit Crisis in Perspective
Koopman, Siem Jan; Lucas, Andre; Schwaab, Bernd - 2010
We determine the magnitude and nature of systematic default risk using 1971{2009) default data from Moody's. We disentangle systematic risk factors due to business cycle effects, common default dynamics (frailty), and industry-specific dynamics (including contagion). To quantify the contribution...
Persistent link: https://www.econbiz.de/10010325719
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Systemic Risk Diagnostics
Schwaab, Bernd; Lucas, Andre; Koopman, Siem Jan - 2010
A macro-prudential policy maker can manage risks to financial stability only if currentand future risks can be reliably assessed. We propose a novel framework to assessfinancial system risk. Using a dynamic factor framework based on state-space methods, we model latent macro-financial and credit...
Persistent link: https://www.econbiz.de/10010325790
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Forecasting Cross-Sections of Frailty-Correlated Default
Koopman, Siem Jan; Lucas, André; Schwaab, Bernd - 2008
We propose a novel econometric model for estimating and forecasting cross-sections of time-varying conditional default probabilities. The model captures the systematic variation in corporate default counts across e.g. rating and industry groups by using dynamic factors from a large panel of...
Persistent link: https://www.econbiz.de/10010325922
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Firm heterogeneity and credit risk diversification
Hanson, Samuel; Pesaran, Mohammad Hashem; Schuermann, Til - 2005
This paper considers a simple model of credit risk and derives the limit distribution of losses under different assumptions regarding the structure of systematic and idiosyncratic risks and the nature of firm heterogeneity. The theoretical results obtained indicate that if firm-specific risk...
Persistent link: https://www.econbiz.de/10010276169