We investigate the replenishment of 102 asset-backed securities (ABS) backed by more than 1.7 million small- and medium-sized enterprise loans. Based on our extensive data set from 2012 to 2017 obtained first only central loan-level repository for ABS in Europe, we reveal that loans added securitized loan portfolios after transactions' closing perform worse are part initial portfolio. On averag...

One promising strategy to stem the flood of home foreclosures is to modify mortgage loans so that borrowers can remain in their homes. A primary concern of loan modification efforts, however, is the seemingly high rate of recidivism. In this article, we examine the relationship between redefault rates and different types of loan modifications based on a large sample of recently modified loans. ...

Contrary to the assumption that web browsers are designed to support the user, an examination of a 900,000 distinct PCs shows that web browsers comprise a complex ecosystem with millions of addons collaborating and competing with each other. It is possible for addons to "sneak in" through third party installations or to get "kicked out" by their competitors without user involvement. This study ...

Replacement of the traditional interest based credit system with an Islamic credit system was one of the fundamental changes in Iran since 1979. The Islamic credit system, offers the prospect of risk sharing between the borrower and the lender. Small farmers are likely to be risk averse and they are reluctant to go heavily into debt in order to finance investments in new technology and capital ...

The purpose of this paper is to present some results about the determinants of book-loans from local public libraries in Norway. The investigation is based on quasi-demand functions where travel time, as an indicator of the shadow price of book-loans, average personal income, information on the book stock, and on other media available at the library, are main explanatory variables. We use panel...

Do securitized loans differ from loans held on lenders’ balance sheets? If so, why? We assemble a unique dataset of commercial mortgages with information on loan characteristics at origination and subsequent performance. The most significant difference between securitized (CMBS) and balance sheet loans is the loan size. The largest loans are 42 percentage points more likely to be securitized th...

Using a national survey data where the event of individual households being refused loans (credit rationed) by financial institutions -as well as the specific loans for which they were turned down -is observed directly, this study investigates both the role of relationships on credit rationing in the nineties and the differential role of relationships across credit rationing in various consumer...

The International Forum on Translation Technology will be held on the theme of cooperative work between humans and the computer. As an example of the cooperative work, the present situation and prospects for the machine translation value-added network (MT-VAN) service will be described below. In the MT-VAN, users, the machine translation systems and the translators are satisfactory linked by th...

During the economic slowdown caused by financial crisis in 2008, grants for entrepreneurs were made available to support development. Whether such a policy instrument is effective business development highly relevant question aftermath of COVID-19. We evaluate causal effects small matching using quasi-experimental approach. The exclusively targeted women and provided during recession after cris...

We investigate the foreclosure policy of collateral-based loans in which the endogenous collateral value plays a crucial role. If creditors are able to commit, then the equilibrium arrangement is more likely to feature forebearance lending by specifying a lower level of liquidation (or roll over all of the loans) relative to the expost efficiency criterion for each realization of the interim si...