A Semiparametric Time Trend Varying Coefficients Model: With An Application to Evaluate Credit Rationing in U.S. Credit Market [PDF]
In this paper, we propose a new semiparametric varying coefficient model which extends the existing semi-parametric varying coefficient models to allow for a time trend regressor with smooth coefficient function. We propose to use the local linear method
Jingping Gu, Paula Hernandez-Verme
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SystemsAgricultural credit rationing remains a persistent systemic friction driven by information opacity and limited collateral. This study develops a credit risk early-warning system by fusing multi-source institutional digital footprints (tax compliance ...
Kan Zhang, Yuan Song, Weilin Hao
doaj +1 more source
Credit rationing by loan size in commercial loan markets [PDF]
The authors present a theoretical model in which a profit-maximizing lender may ration credit to businesses by restricting loan size. Such credit rationing occurs despite the absence of differences across borrowers in default risk or loan administration ...
Stacey L. Schreft, Anne P. Villamil
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ASYMMETRIC EFFECTS OF MONETARY SHOCKS ON OUTPUT [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2001 This paper tests whether positive and negative monetary shocks have symmetric effects on output growth. The new classical models imply symmetric effects. While new Keynesian models predict asymmetric effects. New Keynesians argue credit rationing and the
Seyed Ahmad Reza Jalali Naieni +1 more
doaj
Collateral and Credit Rationing. The role of collateral in explaining and remediating the limited flow of credit to households and SMEs. ECRI Policy Brief No. 7, February 2014 [PDF]
, 2014 European-wide data concerning both companies and households indicate that the credit rationing phenomenon, which has been predicted by theory, does in fact occur to a significant degree in the European credit market.
Chmelar, Ales, Helsen, Frederic
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On the Possibility of Credit Rationing in the Stiglitz-Weiss Model [PDF]
Contrary to what is consistently assumed in the literature, the return function cannot be hump-shaped in the Stiglitz-Weiss (1981) model. This has important consequences for the possible occurrence of credit rationing and redlining.
Arnold, Lutz G.
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The impact of digital finance on SMEs financialization: Evidence from thirty million Chinese enterprise registrations. [PDF]
Heliyon, 2023 Gao X, Ren Y.
europepmc +1 more source
Investment, Efficiency, and Credit Rationing: Evidence from Hungarian Panel Data [PDF]
Relying upon a rich and unique panel of Hungarian firms over 7 years, from 1992 up to 1998, this paper estimates simultaneously TFP, Total Factor Productivity, identified as efficiency, and the parameters of a model where investment depends upon internal
Mathilde Maurel
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Trade Credit and Credit Rationing in Canadian Firms [PDF]
Burkart and Ellingsen's (2004) model of trade credit and bank credit rationing predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease bank credit rationing.
Rose Cunningham
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Credit rationing and the financial structure of Italian small and medium enterprises [PDF]
Our aim is to analyze the effect of public subsidies on the development path of Italian small and medium enterprises (SMEs). Public subsidies to SMEs have been often used with the aim of favoring economic growth in less developed regions.
Giovanni Trovato, Marco Alfó
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