This paper is used to cluster the various components of a bank customer details and segregate potential customers eligible for loan. The application of this technique helps the banker to scale the potentiality of their customers and take necessary steps to decide for loan approval. The classic difficulty of recognizing the customer’s potentiality is solved using this thesis and helps them to ju...

This paper proposes a novel method for recommending books to pupils based on a framework called Edu-mining. One of the properties of the proposed method is that it uses only loan histories (pupil ID, book ID, date of loan) whereas the conventional methods require additional information such as taste information from a great number of users which is costly to obtain. To achieve this, the propose...

This paper analyzes how the movements of the policy interest rate affect bank-relevant variables through changes in the composition of the loan portfolio. Using a computational approach that fully accounts for borrowers’ heterogeneity, we show how the variety of bank customers changes and how this change affects the bank’s cash influx, making it more volatile. The paper also sheds light on how ...

After making a loan, a bank finds out if the loan needs contract enforcement (“monitoring”); it also decides whether to lay off credit risk in order to release costly capital. A bank can lay off credit risk by either selling the loan or by buying insurance through a credit default swap (CDS). With a CDS, the originating bank retains the loan’s control rights but no longer has an incentive to mo...

Student Loan Reforms for German Higher Education: Financing Tuition Fees It is generally agreed that the funding base for German universities is inadequate and perhaps the time has come for serious consideration of the imposition of non-trivial tuition charges. Against this background, this paper compares conventional and income contingent loans for financing tuition fees at German universities...

Distinguishing pure supply effects from other determinants of price and quantity in the market for loans is a notoriously difficult problem. Using German data, we employ Bayesian vector autoregressive models with sign restrictions on the impulse response functions in order to enquire the role of loan supply and monetary policy shocks for the dynamics of loans to non-financial corporations. For ...

The relevant definitions of terms occurring in the statement are as follows. If P = 〈x1, x2, . . . , xp | R1, R2, . . .Rq〉 is a finite presentation, we shall denote by G = G(P) the associated group; here G = F/N , where F is the free group freely generated by the generators x1, . . . , xp and N is the normal closure of the relators. If w is an element of F (which we may identify with a reduced ...

This paper adopts the “Rip Van Winkle” stratagem, of asking what differences would be noticed, in the domain of poverty and distribution, by someone who fell asleep in 1987 (the year I published my paper on poverty in the IMF Staff Papers, and woke up only in 2007 (the year I visited the IMF to work on the present paper). I highlight, somewhat idiosyncratically, ten such differences under three...

To my parents and sisters, for their unflinching love and support In loving memory of my grandparents vi Acknowledgments The PhD journey is finally coming to an end. What a journey it has been! Meandering, unpredictable, chaotic but all the same exhilarating, colorful and memorable. I am thankful for the journey because it not only helped me grow as a scientist but also as a human being. And I ...