It is widely accepted that loans cause deposits. Hitherto, though, the empirical evidence has come from bivariate causality tests which we know can give rise to invalid inference if the two variables are causally influenced by some third, omitted, variable. This is a real danger where loans and deposits are concerned since there is a substantial body of evidence that both are linked to GDP, or ...

The aim of this article is to investigate the dynamic correlation between the Global Economic Policy Uncertainty index (GEPU) and Non-Performing Loans (NPL) in Iran. The relationship between economic uncertainty and banking performance indices is significant because of the systemic importance of banks in every economy. We evaluated this relationship in this developing country, especially under ...

The model presented addresses issues that have recently been discussed under the term ‘financial contagion’. I analyze a situation where the fractions of repaid loans (i.e., the returns on lending) in two domains (e.g., industries or countries) are driven by two independent factors, one specific to the domain and the other a general factor. The fact that these different factors are unobserved g...

The authors acknowledge financial support from the Center for Responsible Lending (CRL). However, the views expressed here are those of the authors and do not necessarily represent the views of CRL. The authors would also like to thank Karen Pence for providing us with her database on state foreclosure laws. 1 ABSTRACT There are growing concerns about the way predatory mortgages erode housing e...

MIME Types for Use with the ISO ILL Protocol Status of this Memo This memo provides information for the Internet community. It does not specify an Internet standard of any kind. Distribution of this memo is unlimited. Abstract This memorandum describes a set of MIME types for use with the ISO Interlibrary Loan Protocol (ISO 10160/10161). Two MIME types are specified below. The first is a media ...

The Health Sciences Libraries Consortium (HSLC) was established in 1985 by thirteen founding member institutions in Pennsylvania and Delaware. In 1989, the Interlibrary Loan, Document Delivery, and Union List Task Force, appointed by the HSLC Board of Directors, successfully demonstrated the feasibility of supplying 94% of all interlibrary loan (ILL) photocopy requests in forty-eight hours or l...

One of the roots of the recent global financial crisis has been seen in the design of subprime mortgage contract leading to high sensitivity of such type of loans to house price changes. The market of subprime loans, especially in the last years preceding the crisis, has been highly financed by securitization. The paper investigates how borrowers with subprime characteristics influence the tran...