Financial Development (FD) is part of a private sector development strategy to stimulate economic growth and reduce poverty, as well address the "costs" incurred in financial system. As one indicator, domestic credit refers resources provided by companies, such through loans, purchases nonquity securities, other trade receivables which establish claims for repayment. Innovation, internet use ar...

This study examined the impact of declaring consumer bankruptcy on the physical and mental health of adult women and if outcomes differed depending on whether the filer received automatic debt discharge under Chapter 7 compared to a debt repayment plan with Chapter 13. Sample data consisted of women from the NLSY79 cohort who completed the age 40 and 50 health modules as of the most recent wave...

This paper characterizes the labor supply and borrowing of a household facing collateral requirements that limit its debt and compel it to accumulate equity in its durable goods stock. The household's discount rate exceeds the market rate of interest, so it would otherwise finance increased current consumption by borrowing against future wages. Collateral constraints generate a positive comovem...

Reject inference is the problem of inferring the good and bad properties of those customers who have not been accepted for a loan. We present a reject inference method based on the confidence interval of a median survival time to delayed repayment. In this method, survival model is built based on the accepted applicant data and is applied to the rejected applicant. If the lower limit of the 90%...

This paper characterizes the labor supply and borrowing of a household facing collateral requirements that limit its debt and compel it to accumulate equity in its durable goods stock. The household's discount rate exceeds the market rate of interest, so it would otherwise finance increased current consumption by borrowing against future wages. Collateral constraints generate a positive comovem...

In this paper we present a novel approach for the estimation of one-way delays from cyclic-path delay measurements that does not require any kind of synchronization among the nodes of the network. Furthermore, this approach is taking into account the asymmetric nature of the network, and the fact that traffic flows are not necessarily the same in both directions. Our approach is based on cyclic...