Author: Tullio JappelliPublisher:
ISBN:
Category : Credit control
Languages : en
Pages : 38
Book Description
Information Sharing in Credit Markets
Author: Tullio JappelliPublisher:
ISBN:
Category : Credit control
Languages : en
Pages : 38
Book Description
Information sharing in credit markets : international evidence
Author: Tullio JappelliPublisher:
ISBN:
Category : Credit control
Languages : en
Pages : 38
Book Description
Information Sharing in Credit Markets
Author: Marco PaganoPublisher:
ISBN:
Category : Credit control
Languages : en
Pages : 56
Book Description
Information Sharing and Information Acquisition in Credit Markets
Author: Artashes KarapetyanCredit Reporting Systems and the International Economy
Author: Margaret J. MillerPublisher: MIT Press
ISBN: 9780262134224
Category : Business & Economics
Languages : en
Pages : 484
Book Description
The first comprehensive review of credit reporting systems worldwide, including their institutional forms and evidence of their impact on financial markets. Credit reporting is a critical part of the financial system in most developed economies but is often weak or absent in developing countries. It addresses a fundamental problem of credit markets: asymmetric information between borrowers and lenders that can lead to adverse selection and moral hazard. The heart of a credit report is the record it provides of an individual's or a firm's payment history, which enables lenders to evaluate credit risk more accurately and lower loan processing time and costs. Credit reports also strengthen borrower discipline, since nonpayment with one institution results in sanctions with others. This book provides the first comprehensive review of credit reporting systems worldwide and documents the rapid growth in the industry. It offers empirical and theoretical evidence of the impact of credit reporting on financial markets, using examples from both developed and developing economies. Credit reporting, it shows, significantly contributes to predicting default risk of potential borrowers, which promotes increased lending activity. The book also covers the role of public policy in the development of credit reporting initiatives, including the role of public credit registries managed by central banks; and the role of legal, regulatory, and institutional factors in supporting credit reporting.
Information Sharing and Information Acqusition in Credit Markets
Author: Artashes KarapetyanAsymmetric Information and the Market Structure of the Banking Industry
Author: Mr.Giovanni Dell'AricciaPublisher: International Monetary Fund
ISBN: 145195154X
Category : Business & Economics
Languages : en
Pages : 32
Book Description
The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.
Information Sharing and Credit
Author: Martin BrownPublisher:
ISBN:
Category :
Languages : en
Pages : 43
Book Description
We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability and lower cost of credit to firms. This correlation is stronger for opaque firms than transparent ones and stronger in countries with weak legal environments than in those with strong legal environments. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit, by examining the differential impact of information sharing across firm types. In panel estimates, we also control for the presence of unobserved heterogeneity at the firm level, as well as for changes in macroeconomic variables and the legal environment.
Credit Reporting and Financing Constraints
Author: Inessa LovePublisher: World Bank Publications
ISBN: 0031110134
Category : Credit bureaus
Languages : en
Pages : 33
Book Description
The authors combine firm-level data from the World Bank Business Environment Survey (WBES) with data on private and public credit registries to investigate whether the presence of a credit registry in a country is associated with lower financing constraints, as perceived by managers, and with higher share of bank financing. They find that the existence of private credit registries is associated with lower financing constraints and higher share of bank financing, while the existence of public credit registries does not seem to have a significant effect on these perceived financing constraints. The authors also find that small- and medium-sized firms tend to have a higher share of bank financing in countries where private registries exist and stronger rule of law is associated with more effective private credit registries. Finally, the authors find some evidence that the presence of a public credit registry benefits younger firms relatively more than older firms.
The Economics and Implications of Data
Author: Mr.Yan Carriere-SwallowPublisher: International Monetary Fund
ISBN: 1513514814
Category : Computers
Languages : en
Pages : 50
Book Description
This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks.