Credit Access, the Costs of Credit, and Credit Market Discrimination
In: PERI Working Paper No. 171
In: PERI Working Paper No. 171
SSRN
Working paper
In: Quantitative Finance, Band 9, Heft 4, S. 373-382
We study a simple, solvable model that allows us to investigate effects of credit contagion on the default probability of individual firms, in both portfolios of firms and on an economy wide scale.
While the effect of interactions may be small in typical (most probable) scenarios they are magnified, due to feedback, by situations of economic stress, which in turn leads to fatter tails
in loss distributions of large loan portfolios.
In: Unbearable Cost, S. 133-134
In: Darden Case No. UVA-ENT-0104
SSRN
In: MIT Department of Economics Working Paper No. 10-3
SSRN
Working paper
In: The American interest: policy, politics & culture, Band 8, Heft 2, S. 24-27
ISSN: 1556-5777
World Affairs Online
In: Review of European studies: RES, Band 7, Heft 10
ISSN: 1918-7181
In: Journal of Monetary Economics, Band 94, S. 27-40
In: Educational Innovation in Economics and Business; The Challenges of Educating People to Lead in a Challenging World, S. 291-305
In: Routledge library editions
In: Monetary economics volume 10
The research investigates the determinants and impact of bank credit on output in the food crops and fisheries sub sectors; whether or not there is a significant difference in the risk on bank credit and output in the two sub sectors, and whether or not there is a relationship between risk obtaining in the two sub sectors. The results indicate the positive and significant influence of bank credit on food crops output, but a positive and insignificant influence on fisheries output, which unequivocally vindicates government intervention in credit disbursement to agriculture. The influence of banking deregulation on bank credit supply is shown to differ between the two sub sectors, for while it registers expected positive sign in the fisheries sub sector, it produces negative and insignificant influence in the food crops sub sector. Bank reserve requirements has a negative influence on bank credit extended to the fisheries sub sector, while it induces a positive and significant influence in the food crops sub sector. The 1997 economic crisis causes an autonomous contraction of bank credit to the food crops sub sector, but accentuates it in the fisheries sub sector. The food crops and fisheries sub sectors register significant influence of rate of interest rate on bank credit on bank credit supply. Obstacles to credit disbursement to the two sub sectors are presented, followed by policy implications deemed necessary to improve the credit situation in the agricultural sector.
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