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We analyze a model of mortgage markets, housing tenure choice, heterogeneous agents, and default with closed form solutions. We uncover new insights which may inspire empirical work, and we ground already-established insights in a series of tractable expressions. Then we study optimal LTV...
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The Kenyan credit market is characterised by imperfections that manifest themselves in imbalances in the form of credit … gaps where supply deviates from its long-run trend. This paper extends the analysis of the credit market adjustment process … that closes the credit gap by estimating a Seemingly Unrelated regression (SUR) model. The empirical results show that the …
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The best single-volume guide for anyone responsible for managing credit, risk and customers. Previously published as … Credit Management Handbook, the new edition, the new edition with a new editor has been revised to reflect changes in … practice and technology and is the set text for the Institute of Credit Management (ICM) examinations …
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