In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have been analyzed extensively. We address this topic empirically, relying on a unique panel data set that includes detailed credit-file information on distressed lending relationships...

Рассматриваются вопросы создания и развития инновационных финансовых продуктов, применение и внедрение инновационных продуктов. Центральное место в статье...

This paper which extends the settings of Chen and Hasan (2008) uses the game theoretic model to focus on the topics of not only interactive policies between a bank and a depositor but bank runs. Our study discovers that depending on different economic terms, the bank will probably propose two...

The implications of removing some of the restrictive assumptions of a model of semi-feudalism formulated by A.Bhaduri are examined. [WP no. 16].

This paper attempts to analyse the various aspects of informal rural credit market of which interlinked contracts occupy the central place. In particular, the nature and extent of interlinked credit contracts, collateral requirement, purpose of loan, rates of interest charged in such...