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Impact of credit market conditions on agriculture productivity in Sub-Saharan Africa
, 2021PurposeThis study conducts an empirical analysis of the relationship between credit market conditions and agriculture output in Sub-Saharan Africa.Design/methodology/approachThis paper uses a two-stage least square instrumental variable and difference ...
Mohammed Shuaibu, M. Nchake
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Credit Shock Propagation Along Supply Chains: Evidence from the CDS Market
Management Sciences, 2021Using a panel of credit default swap (CDS) spreads and supply chain links, we observe that both favorable and unfavorable credit shocks propagate through supply chains in the CDS market.
Şenay Ağca +3 more
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Credit market frictions and trade liberalizations
Journal of Monetary Economics, 2020Are credit frictions a barrier to gains from trade liberalization? We find that the answer to this depends on whether or not the debt limits are endogenous and respond to profit opportunities.
W. Brooks, Alessandro Dovis
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Journal of Public Economic Theory, 2007 AbstractIn a simplified version of the Stiglitz and Weiss (1981) model of the credit market we characterize optimal policies to correct market failures. Widely applied policies, notably interest‐rate subsidies and investment subsidies, are compared to the theoretical optimum.
Minelli, E, MODICA, Salvatore
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Information Sharing in Credit Markets
The Journal of Finance, 1993Abstract A large body of literature on credit markets has shown that asymmetric information may prevent the efficient allocation of lending, leading to credit rationing (e.g., Jaffee and Russell (1976), Stiglitz and Weiss (1981)) or to a wedge between lending and borrowing rates (e.g., King (1986)).
JAPPELLI, TULLIO, PAGANO M.
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Spillover across Eurozone credit market sectors and determinants
Applied Economics, 2019We examine spillover and its determinants among Eurozone sector level credit markets using time and frequency domain spillover approaches. Based on network theory and connectedness analysis, we identify the sectors that are major transmitters and ...
S. J. Hussain Shahzad +4 more
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Competition and selection in credit markets
Journal of Financial Economics, 2021We present both theory and evidence that increased competition may decrease rather than increase consumer welfare in subprime credit markets. We present a model of lending markets with imperfect competition, adverse selection and costly lender screening. In more competitive markets, lenders have lower market shares, and thus lower incentives to monitor
Constantine Yannelis, Anthony Lee Zhang
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Product Innovation and Credit Market Disruptions
Social Science Research Network, 2019We provide new evidence that disruptions in firms’ access to credit during the Global Financial Crisis significantly affected product innovation in the consumer goods sector.
João Granja, Sara Moreira
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PROSPECTS FOR THE CREDIT MARKETS
The Journal of Finance, 1963INTEREST RATES REMAINED on a fairly even keel in 1962 and, at the end of the year, were not far different from the levels that prevailed at the low point of the business sag in 1960-61 (Chart 1). The progressive tightening of credit and the advance of interest rates that characterized other business expansions since World War II have this time been ...
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Credit Market Competition and Liquidity Crises*
Review of Finance, 2018We develop a model where banks invest in reserves and loans, and trade loans on the interbank market to deal with liquidity shocks. Two types of equilibria emerge, depending on the degree of credit market competition and the level of aggregate ...
E. Carletti, Agnese Leonello
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