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Author: Martin Brown Publisher: ISBN: Category : Languages : en Pages : 46
Book Description
We provide the first systematic empirical analysis of how asymmetric information and competition in the credit market affect voluntary information sharing between lenders. We study an experimental credit market in which information sharing can help lenders to distinguish good borrowers from bad ones. Lenders may, however, also lose market power by sharing information with competitors. Our results suggest that asymmetric information in the credit market increases the frequency of information sharing between lenders significantly. Stronger competition between lenders reduces information sharing. In credit markets where lenders may fail to coordinate on sharing information, the degree of information asymmetry, rather than lender competition, drives actual information sharing behavior.
Author: Martin Brown Publisher: ISBN: Category : Languages : en Pages : 46
Book Description
We provide the first systematic empirical analysis of how asymmetric information and competition in the credit market affect voluntary information sharing between lenders. We study an experimental credit market in which information sharing can help lenders to distinguish good borrowers from bad ones. Lenders may, however, also lose market power by sharing information with competitors. Our results suggest that asymmetric information in the credit market increases the frequency of information sharing between lenders significantly. Stronger competition between lenders reduces information sharing. In credit markets where lenders may fail to coordinate on sharing information, the degree of information asymmetry, rather than lender competition, drives actual information sharing behavior.
Author: Artashes Karapetyan Publisher: ISBN: Category : Languages : en Pages :
Book Description
Credit bureaus and public credit registers allow lenders to share information about borrowers. Since information asymmetries have been identified as an important source of bank profits, it may seem that the establishment of such arrangements will lead to lower investment in information acquired through screening and monitoring. However, banks base their decisions on both hard and soft information, and it is only the former type of data that can be communicated via credit bureaus. We show that when hard information is shared, banks are likely to invest more in soft information, whether through initial screening or through monitoring during the life of the loan. This can potentially lead to more accurate lending decisions and favor small, informationally opaque borrowers.
Author: Nicola Jentzsch Publisher: Springer Science & Business Media ISBN: 3540733787 Category : Political Science Languages : en Pages : 291
Book Description
In this updated edition, author Nicola Jentzsch provides an in-depth analysis of the economics and regulation of financial privacy. You get a comparative overview of credit reporting systems in the US and in the 27 member states of the European Union. This is the "most in-depth study of the history and economics of credit reporting to date," according to David Medine, former Associate Director of the U.S. Federal Trade Commission.
Author: Nicola Jentzsch Publisher: Springer Science & Business Media ISBN: 3790817384 Category : Political Science Languages : en Pages : 308
Book Description
This book provides the first in-depth analysis of the topic, offering an international comparison of credit reporting systems. Coverage includes competition in information markets, the microeconomics of information and privacy, and economic incentives to disclose or to conceal information. The book examines the history of credit reporting agencies and the regulation of privacy and credit reporting around the world. Finally, it surveys the effects of credit reporting in credit markets worldwide.
Author: Fred H. Cate Publisher: Rowman & Littlefield ISBN: 0815796064 Category : Business & Economics Languages : en Pages : 71
Book Description
American consumers have become accustomed to obtaining instant credit. The process requires that credit bureaus have easy access to sensitive financial information about individuals, compiled largely without their consent. This report examines the debate surrounding the role of the states in regulating these credit bureaus, especially in light of expiring amendments to the Fair Credit Reporting Act, which have allowed bureaus to continue these practices, exempting them from state laws that might obstruct them. How this controversy is resolved will have an important bearing on credit markets and financial privacy in the future. The authors make the case for continued federal preemption of the states in this area. Without it, the authors argue, the consumer credit system has developed in the United States would be put in jeopardy.
Author: Martin Brown
Author: Martin Brown
Author: Martin Brown
Author: Marco Pagano
Author: Artashes Karapetyan
Author: Nicola Jentzsch
Author: Nicola Jentzsch
Author: Tullio Jappelli
Author: Tullio Jappelli
Author: Tullio Jappelli
Author: Fred H. Cate