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Finance companies have been perceived as isolated and insignificant lenders, attracting high risk borrowers and charging these borrowers relatively high prices. Using the 1988 National Survey of Small Business Finance, this study examines the relationship between finance companies and other...
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potentially could influence this relationship. Due to the fact that small and large banks differ considerably in their lending …
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The neoclassical growth model is extended to include costly intermediated borrowing and lending between households …. This is an important extension as substantial resources are used to intermediate the large amount of borrowing and lending … intermediation services are an intermediate good, and that the spread between borrowing and lending rates measures the efficiency of …
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This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations plus the People’s Republic of China; Hong Kong, China; and the Republic of Korea.
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value without centralized intermediaries. It relies heavily on peer-to-peer lending and borrowing, decentralized exchanges …
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