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A review of the main issues on the loan contracts : asymmetric information, poor transparency, and hidden costs

Rundo, Francesco; Di Stallo, Agatino Luigi - In: Economies : open access journal 7 (2019) 3/91, pp. 1-23

The well-known subprime mortgage crisis, which began to manifest in early 2007, since when the effects of the speculative bubble begin to become evident from the increase in default rates in residential mortgages, has triggered a global crisis that has pushed various legislations over time to...

Persistent link: https://www.econbiz.de/10012132017

Strategic Freedom, Constraint, and Symmetry in One-Period Markets with Cash and Credit Payment

Shubik, Martin; Smith, Eric - 2003

In order to explain in a systematic way why certain combinations of market, financial, and legal structures may be intrinsic to certain capabilities to exchange real goods, we introduce criteria for abstracting the qualitative functions of markets. The criteria involve the number of strategic...

Persistent link: https://www.econbiz.de/10014082962

The Effects of Bank Market Power in Short-Term and Long-Term Firm Credit Availability and Investment

Carbo-Valverde, Santiago - 2016

This article investigates the short-term and long-term effects of bank market power on the availability of credit for … companies, and on firm investment. Our results suggest that an increase in bank market power reduces firms' credit availability …

Persistent link: https://www.econbiz.de/10012982507

The Expansion of the Peer-to-Peer Lending

Havrylchyk, Olena - 2019

We use data from the two leading P2P lending platforms on the US consumer credit market, Prosper and Lending Club, to … explore the main drivers of the expansion of consumer demand for P2P credit. We exploit the heterogeneity in local credit …

Persistent link: https://www.econbiz.de/10012902882

Does innovation affect credit access? : new empirical evidence from Italian small business lending

Bellucci, Andrea; Favaretto, Ilario; Giombini, Germana - 2014

In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending … in innovative processes. Further, innovative firms have a lower probability of being credit rationed than their non …

Persistent link: https://www.econbiz.de/10010419911

Regulatory framework for the loan-based crowdfunding platforms

Havrylchyk, Olena - 2018

them to experiment with different business models to provide services of credit risk management (via risk grades, provision …

Persistent link: https://www.econbiz.de/10011995704

Competition and Credit Procyclicality in European Banking

Lucotte, Yannick - 2017

This paper empirically assesses the effects of competition in the financial sector on credit procyclicality by … potential GDP leads to greater credit fluctuation in economies where:(i) competition among banks and,(ii) competition from non … developments in credit markets work to amplify and propagate shocks to the macroeconomy" (Bernanke et al., 1999). Furthermore …

Persistent link: https://www.econbiz.de/10012961270

What drove the rise in bank lending rates in Lithuania during the low-rate era?

Karmelavičius, Jaunius; Mikaliūnaitė-Jouvanceau, Ieva; … - In: Baltic journal of economics 23 (2023) 2, pp. 162-199

While Euro area interest rates were responding to accommodative monetary policy and decreasing throughout 2015-2019, in stark contrast, Lithuania's bank lending rates increased. Although the rates dropped slightly around the onset of the pandemic, they are still elevated and well above the EA...

Persistent link: https://www.econbiz.de/10014443322

Money, Credit and Banking and the Cost of Financial Activity

Boel, Paola - 2016

We extend the study of banking equilibrium in Berentsen, Camera and Waller (2007) by introducing an explicit production function for banks. Banks employ labor resources, hired on a competitive market, to run their operations. In equilibrium this generates a spread between interest rates on loans...

Persistent link: https://www.econbiz.de/10012979034

The heterogeneous effects of bank mergers and acquisitions on credit to firms : evidence from Italian macro-regions

Del Prete, Silvia; Demma, Cristina; Garri, Iconio; … - 2023

temporary reduction in firm credit. Using bank-firm matched data, this paper investigates the impact of M&As involving Italian … banks over the period 2009-2019 on credit to firms, exploring possible heterogeneities across several dimensions. During a 3 …

Persistent link: https://www.econbiz.de/10014253978