equilibrium, the marginal rate of substitution of cash goods for credit goods depends on the crime rate as well as the nominal … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … households purchase a greater variety of goods with cash while others purchase a greater variety of goods with credit …

participant credit behavior. The motivation of the research is derived from previous studies which indicate that conditional cash … remain uninvestigated. My research specifically focuses on the impacts of the program on credit behavior. I compute estimates … on the percent change in loan balance outstanding and credit participation over the four-year evaluation period by …

inflows and credit, resulted in skyrocketing house prices and an over-expanded construction sector. However, the currency … board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle … through pro-cyclical spending increases and tax cuts. As credit was mostly financed by cross-border loans from foreign banks …

shocks. In a context of collateralized formal credit markets, we provide suggestive evidencethat insurance may help reduce …

This paper analyses the effect of non-credit services of joint liability credit institutions on smallholder women … beekeepers’ honey income. The non-credit services offered to the beekeepers are mainly enterprise development services (training … beekeepers participating in group-based credit programmes; the survey was conducted in September 2005 in Makueni district of …

suggest that the rate of financial development, as measured by private credit creation and stock market activity, is linked to …

In the U.S., households participate in two very different types of credit markets. Personal lending is characterized by … discrete lending by specialized lenders for mortgage credit has led to concerns regarding the efficiency and equity of mortgage … lending. This paper sheds both theoretical and empirical light on the differences in the two credit markets. The theory …

This paper examines the nature of mortgage credit rationing across geographic markets and time. Particular attention is …. This result indicates the use of non-price credit rationing in the mortgage market and suggests a special role for FHA …-insured mortgages as a mechanism for maintaining mortgage credit supply in declining housing markets. …

be borne in mind that, in recent months, firms with better access to credit have managed to raise a high volume of funds …