搜索结果: 16-30 共查到“信贷理论”相关记录510条 . 查询时间(7.922 秒)
Off the cliff and back? Credit conditions and international trade during the global financial crisis
International trade Financial crisis Credit constraints
2015/7/21
We study the collapse of international trade flows during the global financial crisis using detailed data on
monthly US imports. We show that credit conditions were an important channel t...
Volatility and growth: Credit constraints and the composition of investment
Growth Volatility Credit constraints
2015/7/21
How does uncertainty and credit constraints affect the cyclical composition of
investment and thereby volatility and growth? This paper addresses this question
within a model where firms engag...
Firms and Credit Constraints along the Global Value Chain: Processing Trade in China
global value chain processing trade
2015/7/21
Global value chains (GVCs) allow firms to produce and export final goods, or to perform
only intermediate stages of production by processing imported inputs for re-exporting. We examine
how financ...
Firm Exports and Multinational Activity under Credit Constraints
international trade multinational companies
2015/7/21
This paper provides firm-level evidence that credit constraints restrict international trade
flows and affect the sectoral pattern of multinational activity. Using detailed customs data from China, ...
Credit Constraints, Heterogeneous Firms, and International Trade
Heterogeneous Firms nternational Trade
2015/7/21
Financial market imperfections severely restrict international trade áows because
exporters require external capital. This paper identiÖes and quantiÖes the three
mechanisms through which ...
The Neoclassical Growth Model with Heterogeneous Quasi-Geometric Consumers
neoclassical growth model time inconsistency quasi-geometric discounting hyperbolic discounting idiosyncratic shocks wealth inequality
2015/7/21
This paper investigates how the assumption of quasi-geometric (hyperbolic) discounting affects the distributional implications of the standard one-sector
neoclassical growth model with infinite...
Liquidity Constraints and Imperfect Information in Subprime Lending
Subprime Lending Imperfect Information
2015/7/17
Access to credit markets is generally considered a hallmark of developed economies. In the
United States, most households appear to have substantial ability to borrow; indeed, households
in the Un...
We study the adoption of automated credit scoring at a large auto finance company and the
changes it enabled in lending practices. Credit scoring appears to have increased profits by
rou...
The Optimal Taxation of Height:A Case Study of Utilitarian Income Redistribution
Taxation Wages Personal Characteristics
2015/5/14
Should the income tax include a credit for short taxpayers and a surcharge for tall ones? The standard Utilitarian framework for tax analysis answers this question in the affirmative. Moreover, a plau...
Applying Modern Risk Management to Equity and Credit Analysis
Risk Management Valuation Financial Reporting Decision Making Credit Financial Statements
2015/5/13
Traditional conventions of accounting and actuarial science distort the valuation of capital risk in corporations with pension plans because under these conventions, pension assets and liabilities are...
Corporate Financial Policies in Misvalued Credit Markets
Debt Misvaluation Capital Structure Cash Holdings Credit Ratings
2015/4/29
We theoretically and empirically investigate the repercussions of credit market misvaluation for a firm's borrowing and investment decisions. Using an ex-post measure of the accuracy of credit ratings...
Finance and Social Responsibility in the Informal Economy:Institutional Voids,Globalization and Microfinance Institutions
Institutional Voids Microfinance Institutions Economic Globalization Social Globalization
2015/4/28
We examine the heterogeneous effects of globalization on the interest rate setting by microfinance institutions (MFIs) around the world. We consider MFIs as a mechanism to overcome the institutional v...
Saving More to Borrow Less:Experimental Evidence from Access to Formal Savings Accounts in Chile
Saving Poverty Borrowing and Debt Chile
2015/4/28
Poverty is often characterized not only by low and unstable income, but also by heavy debt burdens. We find that reducing barriers to saving through access to free savings accounts decreases participa...
FIN Around the World: The Contribution of Financing Activity to Profitability
Domestic Credit Return Of Equity Corporate Performance Financial Statement Analysis Financial Statements Valuation Cost of Capital Asset Pricing Economic Growth
2015/4/27
We study how the availability of domestic credit influences the contribution that financing activities make to a firm's return on equity (ROE). Using a sample of 51,866 firms from 69 countries, we fin...
Cyclicality of Credit Supply: Firm Level Evidence
Business Cycles Borrowing and Debt Credit Banks and Banking Bonds Financial Markets Financing and Loans
2015/4/23
Theory predicts that there is a close link between bank credit supply and the evolution of the business cycle. Yet fluctuations in bank-loan supply have been hard to quantify in the time-series. While...