Payday Loans and Credit Cards: New Liquidity and Credit Scoring Puzzles?

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Payday Loans and Credit Cards: New Liquidity and Credit Scoring Puzzles? By SUMIT AGARWAL, PAIGE

Among the many important questions highlighted by recent events in the nancial sector, one concerns the features and determinants of the liability side of households' balance sheets, and a second concerns the measurement of household creditworthiness. Had households taken on and accumulated debt with more wisdom and caution, and had lenders obtained and relied on more meaningful measures of cre...

متن کامل

Credit scoring system for small business loans

A requirement of a credit scoring decision support system for small business loans is that the embedded scoring model can be easily altered in accord with the change of business environment. To satisfy such a requirement, this study proposes an N-tier architecture integrated with the idea of Model-View-Controller. With this design, the system engineers can avoid frequently investing considerabl...

متن کامل

Credit Cards Scoring with Quadratic Utility Function

The paper considers a general approach for classifying objects using mathematical programming algorithms. The approach is based on optimizing a utility function, which is quadratic in indicator parameters and is linear in control parameters (which need to be identified). Qualitative characteristics of the utility function, such as monotonicity in some variables, are included using additional co...

متن کامل

Liquidity and Credit Risk

We develop a structural bond valuation model to simultaneously capture liquidity and credit risk. Our model implies that renegotiation in financial distress is influenced by the illiquidity of the market for distressed debt. As default becomes more likely, the components of bond yield spreads attributable to illiquidity increase. When we consider finite maturity debt, we find decreasing and con...

متن کامل

Credit cards and inflation

The introduction (and widespread use) of credit cards increases trading efficiency but, by also increasing the velocity of money, it causes massive inflation, in the absence of monetary intervention. If the monetary authority attempts to restore pre-credit card price levels by reducing the money supply, it will have to sacrifice all the efficiency gains. When there is default on credit cards, t...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: SSRN Electronic Journal

سال: 2009

ISSN: 1556-5068

DOI: 10.2139/ssrn.1327125