Until 1994, when inflation was brought down from the sky-high levels that had prevailed since the mid seventies, the financial system in Brazil was almost entirely geared towards maximizing float income, which answered for close to half of the overall earnings of commercial banks. In that environment, being efficient in processing transactions, such as the payment of bills and checks, was param...

Introduction In the last few years the quantitative modelling of credit risk has received a lot of attention within the financial industry. Several models have been released to the public, notably CreditRisk+, CreditMetrics, Credit Portfolio View [CR97, CM97, CP98]. Although different approaches to credit risk are used, studies have shown that the models yield similar results if the parameters ...

Traditional payment methods such as credit cards are not suitable for small amount payment because the transaction may cost certain commission comparable to the small amount payment. When we buy a cheap item at real shop, we pay by cash. But, how about online shopping where you cannot pay by cash? There are a ton of contents online having potential value to sell but not as expensive as credit c...

The study examined the sources of informal finance in aiding climate change adaptation in South eastern Nigeria. Random sampling was adopted in the selection of 6 out of the 9 communities in the study area. From each of these selected communities, 10 crop farmers were randomly selected giving a total number of 60 respondents. Descriptive statistics such as percentages and frequency, as well as ...

This study is on the determinants of credit access by small scale farmers in Dekina Local Government Area of Kogi State, Nigeria. The specific objectives are to; identify the major source of credit among the small scale farmers; estimate the determinants of farmers’ access to formal credit; compare the farm income of farmers who have access to formal credit and those who have not and identify c...

This study applied the theory of planned behavior to examine factors associated with the intention and behavior of staying in debt management plans (DMP) using data collected from a sample of clients of a national credit counseling agency. The findings of this study suggest that the behavioral intention is positively associated with the attitude toward the behavior, perceived control, satisfact...

this study was designed to investigate the demand for institutional credit among small scale farmers in imo state. a sample of 40 livestock and 50 food crop farmers were selected respectively using multistage random sampling technique. data were collected with a well structured questionnaire administered to a total of 90 randomly selected farmers. data collected were analyzed using descriptive ...

Typically, when a borrower (Bob) wishes to establish a tradeline (e.g., a mortgage, an automobile loan, or a credit card) with a lender (Linda), Bob is subjected to a credit check by Linda. The credit check is done by having Linda obtain financial information about Bob in the form of a credit report. Credit reports are maintained by Credit Report Agencies, and contain a large amount of private ...

Article history: Received 18 November 2013 Received in revised form 26 August 2014 Accepted 26 August 2014 Available online 7 September 2014 Extending Sadorsky (2010), this paper focuses on nonlinear effects of financial development and income on energy consumption. Utilizing five alternative measures of financial development, it employs a panel threshold regression approach to reexamine the ef...

Article history: Received June 10, 2013 Received in revised format 25 August 2013 Accepted September 2 2013 Available online September 8 2013 This paper studies the issue of channel coordination for a decentralized supply chain consisting of one vendor and one buyer in multi-period setting. Considering the allowance of the backorder at the buyer side distinguishes this work in the literature. T...