A Regulatory Small Loan Law Solves Loan Shark Problem
نویسندگان
چکیده
منابع مشابه
From Loan Screening to Loan Prospecting
We study a controlled corporate experiment in which loan officers were compensated to engage in loan prospecting in addition to the traditional loan screening. Loan prospecting led to larger loan sizes (+15%) and higher origination rates (+31%) while keeping the traditional credit quality threshold and interest rate intact. Loan officers attempt to influence the decision making process: loan of...
متن کاملTracing Regulatory Capture in Microfinance : Irish Loan Fund Societies and the Loan Fund Board , 1860 - 1914
Weak regulation and regulatory inaction have been cited as significant factors in the recent financial crises in Britain, Ireland and the US. In Ireland, this had led to suggestions of regulatory capture. However, the existing empirical literature of regulatory capture has primarily focused on the regulators of utilities in the US; moreover, it has not analysed the effects and costs of the capt...
متن کاملLoan Commitments and the Debt Overhang Problem
The debt overhang problem is shown to arise in the context of an entrepreneurial project that requires a sequence of investments financed by an outside lender. The entrepreneur, not internalizing losses accruing to the lender which financed the initial investments, may inefficiently cancel the project and instead pursue an outside opportunity. It is shown that loan commitments (contracts that a...
متن کاملSmall loan schemes: the experience of Ethiopia.
Leprosy is a medico-social problem and more than a disease . Statistics indicate that the disease, as a medical problem, has been decreasing steadily world wide since the advent of multi-drug therapy (MDT) in the early 1980s. However, the social dimensions of the disease in terms of stigma, poverty, disabilities and deformities, loss of self-respect and dignity have continued to constitute a ma...
متن کاملLoan Rate Setting
We propose a heteroscedastic regression model to identify the determinants of the dispersion in interest rates on loans granted to small and medium sized enterprises. We interpret unexplained deviations as evidence of the banks’ discretionary use of market power in the loan rate setting process. “Discretion” in the loan-pricing process is most important, we find, if: (i) loans are small and unc...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Law and Contemporary Problems
سال: 1954
ISSN: 0023-9186
DOI: 10.2307/1190402