Ziel der vorliegenden Arbeit ist die Entwicklung mikroökonomisch fundierter Erklärungsansätze für den Erfolg von Kreditgenossenschaften. Hierbei werden zusätzlich zu den Effekten, die die solidarische Haftung bzw. die Identität von Eignern, Kreditnehmern und Einlegern auf das Verhalten der...

the group- and the individual-based micro-lending contracts. The success of group lending has been attributed to the ability of the lender to alleviate asymmetric information problems. The existing theoretical literature offers a number of explanations for this phenomenon including the building...

This study was prepared by Nadine Fabritz while she was working at the Ifo Institute for Economic Research in the Department for Human Capital and Innovation. It was completed in June 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in October...

This thesis deals with demand and supply determinants of loan contract terms in small business lending. Chapter 2 presents results on loan maturity and is based on a cross-sectional dataset of German small business loans. I find a very robust positive and monotonic relation between risk and...

This thesis examines the relationship of monetary policy and investment in a theoretical framework in which monetary and real economic forces are intrinsically interlinked. The full shift from a money, real dichotomy in historical economic thought to the notion of money being an essential...