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for the U.K. Thereby, we explicitly disentangle credit supply and demand and allow the interest rate charged on loans to …
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to lead arrangers by purchasing credit default swaps (CDSs) from lead arrangers with the capacity to sell such contracts … credit, i.e., the amount of loans may not be drawn. Therefore, participant lenders also have less need to purchase CDS …
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There is wide agreement the US student loan system faces significant problems. Seven million borrowers are in default and many more experience non-repayment. The stress of repayments faced by many students results at least in part from the design of US student loans. Specifically, loans are...
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