Results 31 to 40 of about 1,260 (167)
Is There a Credit Crunch in the Czech Republic?
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2015 We apply a disequilibrium model of credit demand and supply to test the credit crunch hypothesis. We suppose that firms face credit rationing and a realised outstanding loan will be the minimum desired level of commercial bank loans and bank limit for ...
Lucie Režňáková, Svatopluk Kapounek
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FinTechCredit rationing, especially prevalent for smaller firms, impedes economic growth. A central bank-aligned not-for-profit managed business-to-business “stablecoin” (“synthetic central bank digital currency”) providing trade credit liquidity can provide ...
Richard Simmons
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Os impactos do terramoto de 1755 no mercado de crédito de Lisboa
Ler História, 2018 This article looks at the consequences of the earthquake of 1755 in the financial market grounded on literature on contemporary impacts of geophysical catastrophes and on notarized credit in Lisbon.
Leonor Freire Costa +2 more
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Analysis of credit rationing in commodity, money and bond Markets; by the use of walras’s law [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2011 One of the most important issues in financial market particularly for banks is the issue of asymmetric information. Adverse selection could be made from the lack of sufficient information about credit specification, type of preferences and in general ...
Asgar Abolhasani
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Pessimism, optimism and credit rationing [PDF]
, 2006 In their celebrated contribution on credit rationing, Stiglitz and Weiss (1981) showed that the expected return to the borrower on a loan is increasing in the risk of the project it funds. In this paper, I show that their results do not necessarily carry over to the case where the agents' preferences can be described by rank-dependent expected utility (
openaire +3 more sources
The Journal of Entrepreneurial Finance, 2003 The paper augments the asymmetric information literature on bank lending to new ventures by focusing on the more neglected area of moral hazard; specifically the relationship between risk aversion, an entrepreneur?s wealth and the provision of collateral.
Andrew E. Burke, Aoife Hanley
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Asymmetric Information and Credit Rationing in a Model of Search
GamesThis paper presents a competitive search model focusing on the impact of asymmetric information on credit markets. We show that limited entry by lenders results in endogenous credit rationing, which, in turn, plays a key role in managing adverse ...
Cemil Selcuk
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Choosing not to borrow: Imprinting effects of informality on firms’ credit self-rationing
Borsa Istanbul ReviewWhile firm financing constraints have been widely studied, limited attention has been paid to credit self-rationing. Based on the imprinting hypothesis and firm-level data from 30 countries, this study finds that informal experience significantly ...
Wenwen Jin
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The Bank Financing of Small Unlisted Firms in the UK: An Analysis of Recent Conflicts
The Journal of Entrepreneurial Finance, 1995 This paper examines the characteristics of UK small firm bank finance and the causes of the frequently strained relationship between small firms and banks in the UK. Debt, credit rationing, and call option problems under the UK system are examined.
Kevin Keasey, Robert Watson
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Bad loan build-up in India: A reflection of soft budget constraints
Modern FinanceThis paper analyses the non-performing assets (NPA) crisis in the Indian banking system from the perspective of soft budget constraints. Using a panel dataset of 105 publicly listed firms, it explores the relationship between NPAs and bank lending ...
Dilawar Ahmad Bhat +2 more
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