Analysis Of Credit Research Articles

The clustering analysis on data and lending strategy of supply chain with information asymmetry method

In this paper, a theoretical framework is proposed to analyze how trade credit effect bank credit in circumstance of supply chain. We constructed a model to describe information asymmetry among lender and borrower based on game theory and conducted numerical simulation to discuss risk contagion. The static comparison and numerical results illustrate that the loan interest in symmetric case is significantly lower than it in asymmetric case. Default risk of buyer increases the cost of borrower compared to the case when buyer pays for sure and massive trade credit associated with higher loan interest. However the impact on loan amount of credit risk and default risk is more complex. It turns out that information asymmetry can be seen as a moderating factor in the impact on loan amount of default risk and credit risk. Generally this study may not only bring some policy implications for banks to control credit risk along supply chain, but also shed lights in theoretical analysis of trade credit.

Правовое регулирование отдельных аспектов заключения и исполнения договора потребительского кредита (займа) в России

The article deals with certain legal problems arising when concluding and executing a consumer credit (loan) contract. The legal analysis of the consumer credit (loan) agreement has revealed some inconsistencies in legislation related to the order of its conclusion and execution. The author offers suggestions on improving the legislation in this sphere.

The network analysis of enterprise credit based on the simulation of impact credit spread model

In the internet supply chain finance, the key to prevention and control of credit risk turns to be the whole enterprise network. In this paper, the author discussed the close relationship, credit potential difference and credit spread in enterprise network mainly by using simulation modeling. The main conclusions of the study are as follows: close relationship, credit potential difference and the interaction of them can impact credit spread and its effect in enterprise network; if there is a higher or lower close relationship, credit potential difference in enterprise network, there will be negative impact to credit spread and its effect, especially, there exists a threshold value for credit potential difference, under this value, there is almost no effect for credit spread; moderate close relationship and credit potential difference will have a better impact to credit spread and its effect.

The impact of sovereign ratings on euro zone SMEs’ credit rationing

PurposeThe purpose of this paper is to investigate credit rationing across firms in euro zone countries, as it relates to its own sovereign credit ratings.Design/methodology/approachThe authors utilize firm-level data from the Survey on Access to Finance of Enterprises for the period 2009-2013 conducted by the European Central Bank.FindingsA negative association between the rating of sovereign creditworthiness and credit rationing is identified, while credit rationing varies substantially even among countries with the highest quality of sovereign bonds. Credit rationing is lower in sovereigns with high-quality ratings and higher in sovereigns near default. These results remain intact when fundamental firm characteristics (e.g. firm’s age and size, sector of economic activity, financial situation, etc.) are taken into consideration. This indicates that the interconnection of sovereign debt risk with domestic credit market outcomes is robust.Originality/valueThe present study contributes to the relevant literature by performing a detailed analysis of credit rationing for euro zone SMEs and by exploring the link between sovereign credit rating and credit rationing during the sovereign debt crisis period.

Book Reviews

Bilin Neyapti of Bilkent University reviews “Monetary Analysis at Central Banks,” edited by David Cobham. The Econlit abstract of this book begins: “Four papers investigate how analysis of monetary and credit aggregates is used in modern central banks and how that analysis feeds through into policy making. Papers discuss monetary analysis and central banks (David Cobham); the analysis of money and credit during the financial crisis--the approach at the Bank of England (Jon Bridges, James Cloyne, Ryland Thomas, and Alex Tuckett); central banks as balance sheets of last resort--the European Central Bank's monetary policy in a flow-of-funds perspective (Philippine Cour-Thimann and Bernhard Winkler); and evolving monetary policy frameworks in low-income countries--the Tanzanian experience (Christopher Adam, Pantaleo Kessy, and Ben Langford).”

A Comparative Analysis of the Indirect Foreign Tax Credit in Latin America and in the United States – Part II

Part II of this article continues the country-based comparison of indirect foreign tax credit systems started in Part I by considering Mexico and the United States. These systems are then compared in all five countries examined. The article next considers the relevant policy issues before ending with conclusions and recommendations.

Comparative analysis of credit and leasing as forms of financing of technical re-equipping in industrial enterprises

Comparative analysis of credit and leasing as forms of financing of technical re-equipping in industrial enterprises

A Comparative Analysis of the Indirect Foreign Tax Credit in Latin America and in the United States – Part I

This article compares the indirect foreign tax credit systems applied in Latin America and the United States. Part I deals with Argentina, Chile and Colombia. Part II considers Mexico and the United States. It then compares these systems and examines the policy issues arising, before offering some conclusions and recommendations.

Socioeconomic Analysis of Rural Credit and Technical Assistance for Family Farmers in the Transamazonian Territory, in the Brazilian Amazon

<p>In Brazil, Rural Credit and Technical Assistance policies for family farming were formulated with the goal of promoting rural development in a sustainable and integrated manner. This study is the result of the <em>Monitoring and assessment of public policies for territory management in the Pará Amazon</em> project, undertaken by the Federal University of Pará (UFPA), aimed to evaluate the main socioeconomic impacts and limitations for the execution of these policies in the Transamazonian Territory. It is characterized as qualitative and exploratory, developed from bibliographic research and field research, based on data obtained through interviews conducted with 22 families of farmers who are beneficiaries of Rural Credit, the B modality of the National Programme for Strengthening Family Agriculture (PRONAF) and of the Technical Assistance Policy, whose sample corresponds to 10% of total contracts made effective within that Territory, between the years of 2013 and 2014. In addition to these farmers, for the analysis of the Technical Assistance service, interviews were conducted with extension workers from eight organizations, one of which is a state public company and seven of which are outsourced companies hired by the Federal Government to provide this service. The descriptive analysis shows that PRONAF B focuses on areas that produce short cycle food crops and on fishing activities. The technical assistance service provided by the public company is carried out in all the cities within the Territory, but only meets 10% of the demand; the service provided by the outsourced companies also occurs in all cities and its greatest setback is the delay in the release of funds by the Federal Government, which generates delays in the agricultural calendar and discontinuity in the productive activities, due to the end of the term of the companies’ contracts.</p>

Analysis of credit linked demand in an inventory model with varying ordering cost.

In this paper, we have considered an economic order quantity model for deteriorating items with two-level trade credit policy in which a delay in payment is offered by a supplier to a retailer and also an another delay in payment is offered by the retailer to his/her all customers. Here, it is proposed that the demand function is dependent on the length of the customer’s credit period and also the duration of offering the credit period. In this article, it is considered that the retailer’s ordering cost per order depends on the number of replenishment cycles. The objective of this model is to establish a deterministic EOQ model of deteriorating items for the retailer to decide the position of customers credit period and the number of replenishment cycles in finite time horizon such that the retailer gets the maximum profit. Also, the model is explained with the help of some numerical examples.

A policy analysis of Hawaii's solar tax credit

The study assesses the impact of Hawaii's solar PV tax credit policy in terms of the investment benefits accruing to households, the income distribution of these benefits, and the cost to taxpayers. Hawaii is an interesting case because of its generous tax credits and fast growing PV installations. We find that rising electricity rates and declining PV installation costs have driven PV deployment through an increasing internal rate of return on PV investment since 2009. The state tax credit favors high-income households who have higher tax liabilities and are more likely to break the largest barrier to market entry, home ownership. The internal rate of return for the typical Hawaii household is 25% and 16% with and without the state tax credit. We estimate that single-family homeowners in Hawaii may ultimately demand as much as 1100 MW of PV, which would play an important role in meeting Hawaii's clean energy goal of achieving 100% renewable sources for electricity by the year 2045. It would also cost the taxpayer $1.4 billion. Moreover, PV tax credits serve to redistribute wealth from taxpayers to upper income groups, many of whom already have ample incentive to install PV.

Sistem Pendukung Keputusan Pemberian Kredit Rumah Sejahtera Pada Nasabah Bank Pembangunan Daerah Kalimantan Timur dengan Metode TOPSIS

One of the most basic of human needs is the house as a place to live and settle. To be able to have a house requires a considerable cost. Therefore, we need a party as an intermediary to ease of payment to purchase of the house. The intermediary in this case is Bank. In this study, the Regional Development Bank (BPD) in East Kalimantan into a bank that was taken as a reference to obtain a loan writers Mortgage Prosperity. During this time , the decision making is done by the analysis of credit (account officer) , always has a lot of obstacles, such as the decision-making process is not effective (use of longer periods of time , effort and money is wasted) , human error and the possibility of collusion between customers and officers of the Bank. Web-based system is built so that users can easily access the system anytime and anywhere. Provision of decision support systems Prosperous Home Lending (KRS) for customers of Regional Development Bank (BPD) in East Kalimantan with Technique For Others Reference by Similarity to Ideal Solution (TOPSIS) methods as a determinant of final calculation from value of available alternatives. TOPSIS is not only consider the closest distance to the ideal solution, but also takes into account the distance to the farthest negative ideal solution to determine the selected alternative. Result from this study is an application decision support facilitate decision-making to facilitate decision-making releated to the problem of determining the recipient of a prosperous home loans in BPD Kaltim, so it can provide decision analysts credit home loans prosperous and appropriately based systems. Keyword s : Decision Support System; Prosperous Home Lending Development; Topsis Method

Modeling Default for Peer-to-Peer Loans

I use a discrete-time hazard model to analyze default for peer-to-peer (P2P) loans. My data set is large, publicly available, and includes both extensive credit information and soft information. This combination of features, which is unique to P2P data sets, allows for a more thorough analysis of consumer credit than is possible with data from traditional intermediaries. FICO score, borrower-initiated credit inquiries, income, and loan purpose are the most significant variables for explaining default. Two variables extracted from loan descriptions filled out by borrowers are also significant. Several variables typically thought to be significant predictors of default, including income verification and past bankruptcies, are not significant. My model substantially outperforms Lending Club subgrades for forecasting default.

Determinants of Demand for and Repayment of Farm Credit in Economies with Market Coordination Failures: A Tanzanian context

This study examines the determinants of farmers’ participation in farm credit market in Tanzania. Both neoclassical economics and new institutional economics perspectives were applied in the current study to analyze determinants of demand for- and repayment of farm credit for Tanzania respectively. Data were collected from a survey of 75 agrocredit contracts in Western Tanzania. The demand analysis of farm credit has shown that demand for farm credit is determined by incentive and capacity to acquire the credit. It is argued that in economies with market coordination failures the demand for farm credit can only be justified if farmers are capable and willing to repay the credit they acquired in the past. It was also found out that the agrocredit repayment rate by borrower farmers in the study area increased with increase in implied cost of forms of coercion used to enforce repayment, quality of borrower farmer’s characteristics, utility cost of borrower’s degree of guiltiness or shame, value of multilateral relationships with market actors and value/volume of borrowed agrocredit. The paper concludes that under market coordination failures, the investment in social network and personalised relationships is inevitable in promoting supply and hence effective demand for farm creditÂ

An Analysis of Commercial Banks� Credit on Economic Growth in Nigeria

An Analysis of Commercial Banks� Credit on Economic Growth in Nigeria

Village Level Analysis of Credit and Livelihood Enhancement of Microfinance in Andhra Pradesh

Micro finance as an institution are seen to have characteristics that help to solve the problems of moral hazard and adverse selection, which are the existing problems of rural credit institutions which other institutions failed to do. Group lending, peer monitoring and joint liability systems solve the adverse selection and moral hazard issues associated with rural credit markets. This study also focused in finding out the impact of micro finance programme on poverty, money lenders, women empowerment and living standards of the rural poor based on the primary and secondary data collected from Kamavarapukota mandal in Andhra Pradesh in India. Using primary data collected from the filled survey through the constructive schedules and personal interview to estimates the linkages between microfinance and its impacts on rural credit facilities, dependency ratio of money lenders for their credit needs, reduction of rural poverty, and empowerment of women in socio-economic activities. The conclusion of this study, clearly states that the introducing microfinance inducing the overall improvements of their credit facilities as well as augmentations of their livelihood facilities in different sections of the society. Further positive effects of this programme is that to reinforcements of vulnerable groups or targeted population Particularly, SCs, STS, OBCs and other weaker section of the society directly to empower and to participate in social, economic,  and political activities

How Does Greece's Public Finances Crisis Has Affected Credit and Liquidity Risk? Evidence from Selected Treasury Bond Markets in Europe

The object of the study is the causality analysis of credit and liquidity risk on Treasury bond market in selected European countries, during the crisis of Greece’s public finances from 2010 to 2013. The specific aim of the study is to determine: do we have to deal with so-called contagion effect in Treasury bonds market? Additionally, the survey is designed to identify the causality of the credit and liquidity risk in selected European countries. The analysis was conducted in two trials: 1. for the countries of Central and Eastern Europe, represented by Czech Republic and Poland, 2. for developed countries - Austria and France. For this purpose used Granger causality test, the procedure is based on vector autoregression models - VAR. However, to determine the variation in bond yields was used the GARCH (1.1) model.

Analysis of Reviewer Credit Sharing in Open Peer Review Systems

The publication of scientific research papers is becoming more open in present that means traditional peer review is changing towards open peer review system. A model of credit sharing in open peer review systems is proposed in this paper. We adapt the model of division of cognitive labor pioneered by Kitcher and modify this model to our usage. The paper provides some detailed analysis of credit sharing problem in open peer review systems for reviewers on some special cases. The results demonstrate the relationship among authors, reviewers and the number of papers.

Sismondi et l’analyse des crises économiques

L’objet de cette contribution est de proposer une reconstruction analytique globale de la theorie des crises economiques de Sismondi a partir de ses principales œuvres. Cette reconstruction presente deux traits principaux. D’un cote, l’approche des crises de Sismondi revele une evolution de sa pensee dans le temps depuis la Richesse Commerciale ou Sismondi s’avere tres smithien jusqu’aux Etudes sur l’Economie Politique ou des developpements etonnamment modernes apparaissent, en particulier en matiere de monnaie et de credit. D’un autre cote, cette evolution ne remet pas en cause la coherence du cadre theorique adopte par Sismondi qui reste classique mais integre progressivement des elements lies aux nouveaux aspects des crises economiques observees par l’auteur.

Study of Campus Card Credit for Load System Architecture Security

Credit for Load system security deposit to the campus card recharge, the procedure is simple. The design of the campus the card of Credit for Load system fully consider the bank as well as the school system, And careful analysis, the business transaction is consistent with the bank current information packet format. We ultimately do not change the original system of the bank, with the bank to achieve a seamless connection. Credit for Load system is a complete docking of the campus card system and the banking system is another application of the dig⁃ ital campus construction. The article gives a design program through the analysis of the Credit for Load system architecture and security.