As an integrated part of a supply contract, trade credit has intrinsic connections with supply chain contracting and inventory management. Using a stylized model that explicitly captures the interaction of firms’ operations decisions and financial risks, this paper attempts to develop a deeper understanding of trade credit from an operational perspective. Revolving around the question of what r...

Applying blockchain technology to supply chain finance is the only way for in-depth development of finance. However, increasingly prominent risk issues restrict stable finance, so it necessary identify and analyze financial risks under technology. This article summarizes six aspects macro-industry analysis, credit risk, relationship pledge operational system from internal external influencing f...

There has emerged in the Western economies a strong nexus between the credit risks of fi nancial sectors and their sovereigns. We argue that this phenomenon can be understood in the context of two debt overhang problems: one affecting the fi nancial sector due to its under-capitalisation following the crisis of 2007-08; the second, affecting the non-fi nancial sector, whose incentives are crowd...

Directors welcomed the continued resilience of the global financial system, which has been supported by solid global growth, low inflation, abundant liquidity, and flat yield curves. They considered that financial conditions will likely remain benign in the most likely scenario of continued growth, contained inflation, and stable inflationary expectations. At the same time, Directors noted that...

The aim of this study was to find evidence whether the ratings prior Russia’s reinvasion Ukraine in 2022 reflected geopolitical risks, and if rating actions taken response aggression accurately informed financial market participants conflict’s spillover impacts, transmitting them credit risk assessment. indicate a considerable shock from underestimation political risks Russia, including autocra...

This article is devoted to look at how the factors micro-loan risks in microfinance are related to the micro-borrowers. In this regard, the present analysis involves the using of a set representative and fundamental variables in our research. The study basically use the socio-economic and socio-demographic features specific to the micro-borrowers, which are expected to affect the repayment dela...

We present a general equilibrium model with incomplete markets and borrowing constraints to study the interest rate term structure. Agents face both an aggregate risk and an idiosyncratic risk of unemployment, which is not insurable. We derive analytical expressions for the bond prices, whatever their maturities. We also exhibit the e ects of credit constraints on the whole price structure. The...