Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry … the covariance of income and loan repayments may explain higher household borrowings than in the case without default … that in a situation in which a household without default option would neither borrow nor save, the existence of a default …

supervisory bodies dedicated to demand indicators influence credit increase limitation in different ways. Non-standard actions …

supervisory bodies dedicated to demand indicators influence credit increase limitation in different ways. Non-standard actions …

Most domestic and international firm-to-firm transactions rely on trade credit, where sellers grant buyers time to pay … about trade credit use: trade credit use increases with firm-to-firm relationship length, an effect that is stronger for … develops a model featuring enforcement frictions, learning, and a financing cost advantage of trade credit that can rationalize …

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data … of business lending. We find that ex-ante risk taking by banks (measured by the risk rating of new loans) is negatively …

General deregulations of financial markets and improper risk management have seriously shaken banking systems worldwide …

General deregulations of financial markets and improper risk management have seriously shaken banking systems worldwide …

credit. The optimal consumer decision represents the trade-off between the propensity to search for beneficial insurance or … consumer credit, and marginal savings on insurance policy or consumer credit. Under price dispersion the indirect utility … function takes the form of cubic parabola, where the risk aversion behavior ends at the saddle point of the comprehensive …