Tags → Credit


Credit Risk in the Czech Economy
May 15, 2007 09:51

This paper deals with credit risk in the Czech aggregate economy.

The Comparison of Credit Subsidies and Guarantees in Transition and Post-Transition Economies
May 15, 2007 09:51

The paper compares the welfare effects of government credit subsidies and guarantees in transition and post-transition economies in the conditions of asymmetric information.

The Comparative Statics of the Effects of Credit Guarantees and Subsidies in the Competitive Lending Market
May 15, 2007 09:51

The paper compares the effects of government credit subsidies and guarantees on decreasing inefficiencies caused by principal-agent problems in the credit market in transition and post-transition economies.

The Quantitative and Qualitative Analysis of the Budget Cost of the Czech Supporting and Guarantee Agricultural and Forestry Fund
May 15, 2007 09:51

The paper analyzes the government budget cost of credit guarantees and subsidies.

Bankruptcy Procedures with Ex Post Moral Hazard
May 15, 2007 09:51

This paper analyzes an adverse selection model in a credit market with the possibility of renegotiation.

The Role of Credit in the Development of Small and Medium-Sized Enterprises in Belarus: Estimating the State of the Microfinance Sector
May 15, 2007 09:53

This publication discusses the results of the research on the access to credit by small and medium-sized enterprises (SMEs) in Belarus, and the role of microfinance and credit unions in this process.

Regulation of the Remonetization Processes: Case of Tajikistan
May 15, 2007 09:54

This publication is a presentation prepared for EPIN Capacity Building Component meeting held in Baku, Azerbaijan on 19-21 September 2006.

Patterns of legal change: shareholder and creditor rights in transition economies
November 23, 2007 11:52

This paper analyses changes in the legal protection of shareholder and creditor rights in 24 transition economies from 1990 to 1998. It documents differences in the initial conditions and a tendency towards convergence of formal legal rules as the result of extensive legal reforms.

Law and finance in transition economies
November 23, 2007 11:53

This paper offers a first comprehensive analysis of legal change in shareholder and creditor rights protection in transition economies and its impact on the propensity of firms to raise external finance.

Trade credit and bank credit : evidence from recent financial crises
November 23, 2007 13:20

The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years.

A more complete conceptual framework for financing of small and medium enterprises
November 26, 2007 16:42

The authors propose a more complete conceptual framework for analysis of credit availability for small and medium enterprises (SMEs). In this framework, lending technologies are the key conduit through which government policies and national financial structures affect credit availability.

The role of factoring for financing small and medium enterprises
November 26, 2007 16:46

Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. The author finds that creditor rights are not related to factoring. The author also discusses reverse factoring, which is a technology that can mitigate the problem of borrowers' informational opacity in business environments with weak information infrastructures if only receivables from high-quality buyers are factored.

Customer market power and the provision of trade credit : evidence from Eastern Europe and Central Asia
November 26, 2007 17:22

This study provides an explanation for this by arguing that customers who possess strong market power are able to increase their customer surplus by demanding to purchase the goods on credit.

The Development of Credit Unions in Belarus
January 18, 2008 16:36

This paper deals with the development of credit unions in Belarus. Our analysis reveals that inadequate regulation is currently the major problem hampering the development of this type of financial institution. Therefore the paper focuses especially on ways of introducing better standards for the reliable operation of credit unions, and looks at the optimal balance between prudential and non-prudential norms of regulation.

Student Loans: An Effective Instrument for Financing Higher Education
January 18, 2008 16:46

The paper describes the basic principles of student loans, presents the peculiarities of student loan system in different countries and discusses the issue of credit risk assessment.

Credit Risk in the Czech Economy
January 18, 2008 17:28

This paper deals with credit risk in the Czech aggregate economy. It follows structural Merton's approach. A latent factor model is employed within this framework. Estimation of this model can help to understand relation between credit risk and macroeconomic indicators.