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Persistent link: https://www.econbiz.de/10012225965
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Cover -- Half Title -- Title Page -- Coryright Page -- Table of Contents -- List of Tables and Figures -- Acknowledgments -- List of Acronyms -- 1. Introduction -- 2. The Visible Hand of Government in U.S. Credit Markets -- 3. Discrimination, Redlining, and Financial Restructuring in Business...
Persistent link: https://www.econbiz.de/10011836268
Fourier transform methods in finance "Fourier Transform Methods in Finance is rigorous, instructive, and loaded with useful examples. The authors have synthesized everything from the necessary underlying elements of complex analysis up through methods for derivative pricing. Almost anyone doing...
Persistent link: https://www.econbiz.de/10012691602
In this paper we use a disequilibrium framework common in the "credit crunch" literature, first to examine whether the slow credit growth in Morocco during the rapid expansion of liquidity in the first half of the decade can be attributed to credit rationing, and second to investigate the role...
Persistent link: https://www.econbiz.de/10012677744
This paper studies how Uruguay's regulatory framework was gradually strengthened to address shortcomings identified during the 2002-03 crisis, to align with international standards and, more recently, to deal with cyclical pressures resulting in an acceleration of bank lending. In particular,...
Persistent link: https://www.econbiz.de/10012677865
We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits. Micro data show a strong association between credit...
Persistent link: https://www.econbiz.de/10012677365
The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. We find evidence that informality is robustly and significantly associated with lower access to and use of bank credit. We also find that higher tax compliance costs...
Persistent link: https://www.econbiz.de/10012677574
This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying...
Persistent link: https://www.econbiz.de/10012677586
This paper develops a framework for analyzing macro-financial linkages in the United States. We estimate the effects of a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and corporate loans, and the corresponding components of...
Persistent link: https://www.econbiz.de/10012677610