Online Appendix Borrower protection and the supply of credit: Evidence from foreclosure laws

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data On Line Appendix

In this appendix we expand the explanation in Subsection 4.3.1. The IV estimate of the export elasticity to finance is 7.8 times larger than the OLS estimate. We expect the attenuation bias of the OLS estimator to be of the such order of magnitude. This is why. We are interested in the following model of supply-induced variation in exports —demand variation is absorbed by the product-destinatio...

Federal Reserve Bank of New York Staff Reports On the Market Discipline of Informationally Opaque Firms: Evidence from Bank Borrowers in the Federal Funds Market

Using plausibly exogenous variation in demand for federal funds created by daily shocks to reserve balances, we identify the supply curve facing a bank borrower in the interbank market and study how access to overnight credit is affected by changes in public and private measures of borrower creditworthiness. Although there is evidence that lenders respond to adverse changes in public informatio...

Reputation and Exaggeration: Adverse Selection and Private Information in the Mortgage Market∗

We examine the role of borrower reputation in mitigating the effects of adverse selection and private information in the mortgage market in the run-up to the foreclosure crisis of 2007 to 2010. We show that the majority of additional risk associated with “low-doc” mortgages is due to adverse selection on the part of borrowers who could verify income, but chose not to. We provide evidence that t...

Household Debt and Defaults from 2000 to 2010: The Credit Supply View Online Appendix

Performance of Credit Risk Management in Indian Commercial Banks

For banks and financial institutions, credit risk had been an essential factor that needed to be managed well. Credit risk was the possibility that a borrower of counter party would fail to meet its obligations in accordance with agreed terms. Credit risk; therefore arise from the bank’s dealings with or lending to corporate, individuals, and other banks or financial institutions.  Credit risk...