Do Investment Agreements Matter?

-1 - Do Cra Agreements Influence Lending Patterns? Do Cra Agreements Influence Lending Patterns?

Lenders have increasingly responded to regulatory and public pressures to provide credit to lowerincome and minority communities by entering into CRA agreements, which typically involve pledges to extend a certain volume of lending to targeted groups and communities. This paper considers the broader impact of these CRA agreements by examining whether they are associated with changes in lending ...

Dark Chocolate and Metabolic Syndrome; Do Polyphenols All that Matter?

Do Workers\' Remittances Matter for the Egyptian Economy?

Workers’ remittances constitute one of the most important sources of external finance for many developing countries. Although it shows a decreasing trend in recent years, Egypt after 1970s with her regular and massive labor migration to abroad has been still one of the gainer countries on remittances across the world. Empirical studies that implemented for various countries reveal workers’ ...

Do Cra Agreements Influence Lending Patterns ?

An increasingly common method for lending institutions to demonstrate their commitment to and compliance with the Community Reinvestment Act of 1977 (CRA) and fair lending laws has been to enter into agreements with community groups and other entities to help ensure the flow of credit throughout their service area. Table 1 shows that the volume of loan pledges associated with these agreements, ...

Contractual signaling, relationship-specific investment and exclusive agreements

I analyze a simple model of hold-up with asymmetric information at the contracting stage. I show that contractual signalling and e¢ ciency of investment can con‡ict if only quantity is contractible. This is because contracted quantity encourages investment in the relationship but also signals information. This con‡ict generates ine¢ cient equilibria in terms of investment. Contracting on exclus...