In a context of an increased bank competition, the French Post got recently access to consumer credit (2010). This …

counselor, the judge and the saviour. This article focuses on interactions surrounding credit and demonstrates that banking …

explains why, and is visible in the chosen forms of the contracts and in the impossibility to refuse credit to one?s family …

has muted inuence on household debt, increasing debt-to-GDP in the short run, while reducing it only in the medium run. If … the interest rate is systematically raised whenever the debt-to-GDP ratio or the real debt level is high, equilibrium …

is the ‘shadow economy’ in our model. We then calibrate our model using money, interest rate and GDP data to back out the …

transferred overseas through domestic loans and capital inflows. Domestic credit expansion is an important source of financing for …

combined with strong growth of credit to asset markets, in asset prices and in credit relative to output are all indicators of … the Great Moderation credit growth is driven more by past credit growth and less by output growth (Allen and Gale, 2000 … the hypothesis. This invites a reinterpretation of the Great Moderation. Our methodology may help understand when a credit …

tenors and the OIS market. Commonly proposed explanations for the corresponding spreads are a combination of credit risk and … residual spread after removal of a credit component. In this paper we propose a stylized equilibrium model in which a Libor …-OIS spread (LOIS) emerges as a consequence of a credit component determined by the skew of the CDS curve of a representative …

marginalised in formal credit markets compared to their male counterparts. The study also investigates the impact of credit access … measure of credit constraints in order to address the objectives. A probit credit constraint model was estimated, and … show significant discrimination against women in formal credit markets in Nigeria. The results reveal that firms that are …