Acknowledgments -- Introduction -- Creditworthiness and credit risks -- Between promise and peril : credit and debt at the pearl fisheries of South India and Sri Lanka, c. 1800 / Sam Ostroff -- Lenders and borrowers in a non-capitalist economy : Rio de Janeiro in the early nineteenth century /...

The recent global financial crisis has shown portfolio correlations between agents as one of the key channels of risk contagion and amplification. In this work, we analyse the structure and dynamics of the cross-correlation matrix of banks' loan portfolios in the yearly bank-firm credit network...

We assess the feasibility, optimality, and policy implications of Environmental, Social, and Corporate Governance (ESG)-linked or “green” lending in a credit market where banks incorporate such non-financial data in credit allocation decisions. We identify an asymmetric information problem:...

It appears to be common wisdom that the basic cause of Thailand's crisis is its extraordinarily weak financial institutions. The article questions this proposition from an empirical viewpoint. It is argued that the facts provided can be better explained in a framework of system change than by...