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Frontiers in manganese catalysis: a sustainable platform for bond construction and heterocycle synthesis. [PDF]
Das AK +7 more
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Microfinance institutions and other lenders in developing countries rely on the promise of future loans to induce repayment. However, if borrowers expect that others will default, and so loans will no longer be available in the future, then they will default as well. We refer to such contagion as a borrower run.
Philip Bond, Ashok Rai
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Do Riskier Borrowers Borrow More?
Real Estate Economics, 2004Conventional wisdom in the mortgage industry holds that loan‐to‐value (LTV) ratios are positively correlated with mortgage default rates. However, not all empirical studies of mortgage loan performance support this view. This paper offers a theoretical signaling model of why the correlation between LTV ratios and default risk is contingent upon the ...
David M. Harrison +2 more
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