This paper shows that the debt burden of households, as measured by the debt service to income ratio, is helpful in forecasting the future growth of consumption expenditures. Using data for the United States over the period 1960-97, I find a significant negative relationship between the debt-service ratio of households and future aggregate spending growth. This effect is statistically important...

Bank lending is an important investment activity in an economy. It is widely held that banks are well informed about their borrowers, and banks use such information in their lending decisions to preserve the qualities of their loan portfolios. In this study, we propose a model of the interplay between banks and financial analysts who follow their stocks, and characterize equilibrium with a view...

PUBLIC LENDING RIGHT (PLR) is a right to receive payment in respect of the lending of books (or possibly other materials) to the public. T h e right, which is usually accorded by law, is most commonly thought of as being appropriate to authors, but publishers have sometimes claimed an equal interest. Lending is usually understood to mean lending for use off library premises, but use within the ...

This paper provides an overview of the concept of people-to-people (P2P) lending, a relatively new e-commerce phenomenon that has the potential to radically change the structure of the loan segment of the financial industry. P2P lending creates a marketplace of individuals and a social fabric through which these individuals interact. It provides efficient information transfer, thus perhaps crea...

Online peer-to-peer (P2P) lending has developed fast around the world in recent years; however, studies regarding gender discrimination and its rationality for developing countries are limited. Gender discrimination towards borrowers and its rationality in P2P lending in China are studied in this paper. Using data collected from PPdai.com, one of the largest P2P lending platforms in China, we f...

Using loan-level data from Mexico, we study the relationship between the organizational structure of banks and the terms of lending to small businesses. We find that banks with decentralized lending structures – where branch managers have autonomy over the terms of lending – give larger loans to small firms and those with more "soft information". However, decentralized banks are also more respo...

The U.S. experienced a sharp decline in commercial bank lending from 1990 to 1992. This particular event has caught the attention of many scholars because it is often blamed as one of the factors that led to a failure of a speedy recovery from the ongoing recession. This issue remains controversial because debate exists on whether the credit decline was due to a reduction in supply or to a redu...

We analyze the transmission of shocks through international bank lending, as is suggested in Kaminsky and Reinhart [6], by examining the bank’s international lending behavior. We develop a portfolio selection model, which explicitly includes the economic condition of the bank’s home county. This model is estimated using data from the banks of the six largest international creditor countries ove...

The entry of multinational banks (MNBs) into the developing and transition economies is expected to create more market discipline for domestic banks, thus making them more efficient and enhancing financial stability. But is this the case? Using data from the Bank for International Settlements and the International Monetary Fund, I first try to determine which factors tend to increase MNB lendin...

Based on fluorescence capillary analysis technology, a method for quantitating lactate dehydrogenase (LDH) activity in a micro-volume sample was developed. Sample and reagent consumptions were merely 2 and 16 μL per time, respectively. The optimized test conditions were as follows. The reaction reagent consisted of 0.10 M phosphate buffer (pH 6.5), 0.30 mM NADH and 1.20 mM pyruvate. NADH standa...