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Informal Credit Markets in India
Economic Development and Cultural Change, 1984Informal financial markets, those which are not regulated or monitored by the banking authorities, account for much of business credit in developing countries.' These unregulated, informal credit markets (ICM) are important both in their own right, as part of each country's financial system, and because of their reciprocal relations with growing ...
Timberg, Thomas A, Aiyar, C V
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Inequality of Opportunity in the Credit Market [PDF]
, 2010 Credit market imperfections can prevent the poor from making profitable investments. Under asymmetric information observable features, such as wealth and collateral, play an important role in determining who gets credit, in violation of the Equality of Opportunity principle.
Coco, Giuseppe, Pignataro, Giuseppe
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Value investing in credit markets
Review of Accounting Studies, 2011We outline a parsimonious empirical model to assess the relative usefulness of accounting- and equity market-based information to explain corporate credit spreads. The primary determinant of corporate credit spreads is the physical default probability. We compare existing accounting-based and market-based models to forecast default.
Correia, M M, Richardson, S A, Tuna, I
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Rotating Savings and Credit Associations, Credit Markets and Efficiency
The Review of Economic Studies, 1994Summary: This paper examines the allocative performance of rotating savings and credit associations (roscas), a financial institution which is observed world-wide. We develop a model in which individuals save for an indivisible good and study roscas which distribute funds using random allocation and bidding. The allocations achieved by the two types of
Besley, Timothy +2 more
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capital, credit and money markets
1987The markets for money, credit and capital represent a fundamental dimension of economic activity, in that the many and varied functions of the modern economy’s financial markets both reflect and help shape the course of the economic system at large.
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Market Power in Credit Markets
SSRN Electronic Journal, 2021Manolis Galenianos +2 more
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The role of credit in the housing market [PDF]
, 2014 We estimate a structural model of the Irish housing and mortgage markets and isolate the role of demand and supply factors in each market. We focus on the pre-2004 period during which house prices and mortgage credit exhibited a stable relationship.
Gerlach-Kristen, Petra +1 more
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