The aim of this paper is to empirically investigate the determinants of creditor concentration in the use of bank loans by firms in a European cross-country framework. We analyze the influence of loan and borrower characteristics but also banking market structure and legal enforcement variables that are expected to influence the financial and strategic decisions relative to bank lending concent...

Article history: Received 5 April 2007 Received in revised form 3 March 2008 Accepted 17 April 2008 Available online 25 April 2008 There has been a considerable expansion of the volume of syndicated loans in emerging markets in the recent years. We provide the first analysis of the determinants of the decision of banks to syndicate a loan on a sample of loan facilities from 50 emerging countrie...

We show that since 1994, branching deregulations in the U.S have signi…cantly a¤ected the supply of mortgage credit, and ultimately house prices. With deregulation, the number and volume of originated mortgage loans increase, while denial rates fall. But the deregulation has no e¤ect on a placebo sample, formed of Independent Mortgage Companies that should not be a¤ected by the regulatory chang...

OBJECTIVE Our purpose was to describe the financial knowledge, habits and attitudes of chiropractic students. METHODS We designed a cross-sectional survey to measure basic financial knowledge, current financial habits, risk tolerance, and beliefs about future income among 250 students enrolled in business courses at one US chiropractic college. Descriptive statistical analyses were performed....

We thank Jonathan Eaton, Tim Kehoe, Sam Kortum, Ellen McGrattan, Sergey Mityakov, Casey Mulligan, John Romalis, Kim Ruhl, Ed Prescott, Phil Reny, Rob Shimer, Nancy Stokey, Chad Syverson, Ivan Werning, participants in the December, 2003, conference at Torcuato di Tella and seminar participants at Cornell, Boston University, Brown, Harvard, Minnesota and Chicago for helpful discussions. Constanti...

Communities in coastal and marine areas generally depend on fishing, especially capture fisheries (fishermen). The potential for fishery resources is quite large, but some people these are still below the poverty line.With difficulty getting capital from cooperative, SME entrepreneurs looking other alternatives by borrowing money relatives or middlemen. However, middlemen most cases actually en...

Using a game-theoretic approach, the benefits of macroprudential policy coordination are evaluated in two-country model currency union with financial frictions. The gains from measured by comparing outcomes under centralized regime, where common regulator sets tax on loans to maximize union-wide welfare, and decentralized each independently own-country welfare. Numerical experiments show that, ...

2 Since 2006 China's central government has opened up its financial markets to foreign Microfinance Institutions (MFI). The idea is that by allowing MFI's to operate, Agricultural Banks would lead to increase access to credit, economic efficiencies and growth in rural agriculture, and efficiency within the financial system in underserved markets. Microfinance as it is understood today refers to...

This work is an assessment of Nigeria-Sino bilateral trade relations. was done using secondary sources data such as books, journals, newspapers, etc. Dependency theory used to examine the relations between Nigeria and China show how dependent on China. needs for finished goods getting loans need certain raw materials but has over time been this increased Nigerian debt burden. The study discover...