To gauge governments’ contingent liabilities behind banking systems, we employ: Sovereign ratings (SOVBD); bank’s financial strength ratings (assessing solidity without external support; BFSR); bank’s overall credit ratings (government support reduces default probabilities; BDCR). We find: 1) BDCR and SOVBD are positively correlated, much more in developing countries, where sovereign guarantees...

The study conducted in the state of West Bengal has identified the determinants and constraints to livelihood diversification among different livelihood groups. The study has shown that household-head experience (age), educational level, social status, training, asset position, access to credit, rural infrastructure, agroclimatic condition and the overall level of economic development of a regi...

the credit portfolio management and the optimal credit portfolio selection are identified as one of the most effective factors in banks’ credit risk. two main strategies in this regard include diversification versus concentration. in this study, at first, the status of diversification of iran’s banking sector is analyzed, then the relationship between diversification of the credit portfolio and...

the letter of credit as a method of smoothing international payment is a conditional security and obligation to pay the customer bank (issuing bank) to seller (applicant). for this purpose, the letters of credit may be considered as the most usual method of payment of goods price in international trade. the classic form of letters of credit is the commercial letters of credit whose financial ob...

The perception of childhood as a period of dependence and innocence has a long history. Being strongly associated with the Romantic Movement of eighteenth-century Europe it resonates with more recent Western theories of child development, ideas about child rearing and policies relating to the care and education of children. The advent of a global society, however, demands that we examine and re...

Abstract Using a large sample of listed firms from 72 countries over the period 1990–2019, we document marked decrease in trade credit that is more pronounced for developed economies relative to those emerging economies. We find little evidence firm characteristics drive this trend, as their relation with remains relatively stable throughout period. test several competing propositions and listi...

1 Background Credit cards have been widely used in the USA. The industry has matured so much that most households hold many credit cards and most consumers use credit cards as means of payment. They usually maintain their records on credit cards. In the USA, a total amount of credit card balances is about $700 billion. Because of the wide usage of credit cards, the term of cards is becoming a m...

www.philadelphiafed.org R eports in the popular press and policymakers’ concerns about student loans have greatly intensified in recent years because of rising student loan balances and defaults. Even greater cause for concern arose as student loans outstanding passed credit card debt to become the single largest nonmortgage household debt in 2012. Worries about the risk of massive default have...