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) introduction of new mortgage products, (5) reduced transaction costs and asymmetric information with innovations of IT, telephony … estimated credit condition index has a high correlation with the Bank Lending Survey, a quarterly survey in which banks are …
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We demonstrate that the co-existence of different motives for liquidity preferences profoundly affects the efficiency of financial intermediation. Liquidity preferences arise because consumers wish to take precautions against sudden and unforeseen expenditure needs, and because investors want to...
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We examine insurance against loan default when lenders can screen in primary markets at a heterogeneous cost and learn loan quality over time. In equilibrium, low-cost lenders screen loans but some high-cost lenders insure them. Insured loans are risk-free and liquid in a secondary market, while...
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Why do people appear to forgo information by sorting into “echo chambers”? We construct a highly tractable multi …, homogeneous groups can improve everybody’s information and generate Paretoimprovements. Polarized preferences create a need for … segregation; uncertainty about preferences and the availability of public information magnify this need. Using data from Twitter …
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paper provides an overview of the existing research regarding bank reputation in the Republic of Croatia. As corporate … the internal and external dimensions of their CSR and their relation to a bank’s reputation. …
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