This article is based on findings from semi-structured interviews and discussions among "chilimba" groups in Zambia. Chilimba groups are primarily women's groups that engage in credit and savings programs. Group membership ranges from 4 to 20 members. The women agree on a fixed, regular cash contribution that is given in turn to each member in a specified order. Market groups tend to be lar...

Based on differences between residential mortgage appraisals and automated valuation model (AVM) valuations from a leading valuation firm, at least 15% of non-agency securitized loans originated between 2001 and 2007 have upwardly biased appraisals, which cause average collateral value to be overstated by almost 5%. Simulations and internal data from a large lender that include funded loans and...

This paper models the price and income elasticity of retail finance in Australia using aggregate quarterly data and an autoregressive distributed lag (ARDL) approach. We particularly focus on the impact of the global financial crisis (GFC) from 2007 onwards on retail finance demand and analyse four submarkets (period analysed in brackets): owneroccupied housing loans (Sep 1985–June 2010), term ...

We model aggregate delinquency behaviour for consumer credit (including credit card loans and other consumer loans) and for residential real estate loans using data up until 2008. We test for cointegrating relationships and then estimate short run error correction models.We find evidence to support the portfolio explanations of declines in credit quality for consumer and for real estate loans, ...

This paper examines the impact of government guaranteed small business loans on economic growth, and whether government guaranteed loans crowd out new businesses financed through the market. OLS estimates indicate a significant and positive relation between the Small Business Administration’s (SBA) guaranteed loans and metropolitan growth between 1993 and 2002. However, endogeneity hinders caus...

Abstract Frequent changes in fiscal policies are the main cause of credit risk. To prevent households from increasing their non-performing loans, government can use various and instruments. One these tools is tax regulations, with a particular focus on value-added tax. This paper examines whether have affected household loans Turkey over period 2017 to 2021. acquire meaningful empirical results...

This study aims to analyse whether library loan statistics can be used as a measure of monograph use and as a selection criterion for inclusion in citation indexes. For this, we conducted an exploratory study based on loan data (1000 most borrowed monographs) from two non-Anglo-Saxon European university libraries (Granada and Vienna) with strong social sciences and humanities components. Loans ...

This is a very nice paper, well motivated and based on a unique dataset. Using loan-level data from community banks entering Federal Deposit Insurance Corporation (FDIC) receivership, the paper estimates the probability of default (PD) and loss-given default (LGD) of two distinct types of commercial real estate (CRE) loans. The authors also compare commercial real estate loans in community bank...

In the second half, econometric analysis (regression testing) is used to isolate the key factors affecting HAMP modification performance and to compare the performance of loans modified through HAMP with other similarly delinquent loans. The innovation in this study comes from the merging of HAMP program data with a commercial loan performance database, which allows HAMP-modified loans to be co...