One of the more significant changes in the variables. Variables found to be significant U. S. agricultural industry in recent years has were: total debt divided by total assets, reabeen the increased use of credit to finance prosonable farm value, total liabilities, marital duction and capital expenditures. Since 1970, status, family living expense as a percentage of outstanding farm debt has m...

The debt overhang problem is shown to arise in the context of an entrepreneurial project that requires a sequence of investments financed by an outside lender. The entrepreneur, not internalizing losses accruing to the lender which financed the initial investments, may inefficiently cancel the project and instead pursue an outside opportunity. It is shown that loan commitments (contracts that a...

Use of a promise to pay by a bank to insure an outstanding loan in order to return the value of the insured amount into capital for use in writing a new loan is an invention in banking with calculably greater potential economic impact than the original invention of reserve banking. The consequence of this lending invention is to render the existing money multiplier equations of reserve banking ...

6 Western diet modulates the susceptibility of the heart to ischemic injury and sevoflurane-induced cardioprotection in rats Effect of diet and sevoflurane on ischemic injury 111 Abstract Introduction

The role, informative or persuasive, of brand names in driving purchasing decisions is very much under debate. We exploit the rebranding a mortgage lender to analyse households’ choice behaviour response popularity. Loan-level data on new mortgages suggest that (1) awareness reduces equilibrium price residential contracts and (2) reduction mainly reflects consumers’ selection cheaper products d...

In this paper I study debt cap regulations in retail mortgage lending Hungary introduced by the National Bank of Hungary. believe introduction was justified, but toolkit applied should be reviewed. After studying international examples and reviewing literature, have concluded that LTV (loan-to-value) regulation correspond to European practice researchers’ findings. While LTI (loan-to-income) ra...

This study takes on the issue of young adults’ retreat from the housing and auto markets from a different perspective. Instead of trying to establish a correlation and causality between homeownership and student loan debt of young households, which has been the common approach in the literature, this study will attempt to reveal the connection between student loan debt and young households’ acc...

Stock loan is different from the traditional loan, it needs to be collateralized by stock. Fairly valuing stock loan is very important for financial market participants. The main contribution of this paper is to give a valuing method of stock loan in uncertain environment. Under the assumption that the underlying stock price follows an uncertain mean-reverting stock model, the price formulas of...

Riskiness of a particular loan can be estimated based on several of its economic indicators. Although the actual relationship is very complicated, it is possible to construct a simplified model which can roughly classify a loan into one of the three categories high risk loan, medium risk loan and low risk loan based on certain criteria. This paper seeks to build such a model based on publicly a...

To understand better the role of loan officers in the origins of the financial crisis, we study a controlled experiment conducted by a large bank. In the experiment, the incentive structure of a subset of small business loan officers was changed from fixed salary to commission-based compensation. We use a diffin-diff design to show that while the characteristics of loan applications did not cha...