Farm Credit markets in the United States are excellent testimony to high performance over the long term in providing credit and related services to the farm sector, and to timely innovation of new financial institutions, instruments, and practices for meeting farmers' capital and credit needs. These markets evolved from strong reliance a century ago on country or frontier,banks, local merchants...

Peer-to-Peer (P2P) lending provides online users an innovative loaning and investment vehicle without the intermediation of financial institutions. However, the research on online P2P lending is still scarce. In this study we review relevant literature and conduct a comparative study of online P2P lending practices in the USA and China. We find that two categories of credit information, “hard” ...

Is credit card lending by unions within the United States primarily a service to members or profit generating product? This paper examines impact of on performance U.S. from 2000-2017. A panel data approach using fixed effects regression methodology is undertaken make comparative analyses union across several dimensions including percentage firm’s assets in loans and percent with card. Credit a...

This paper uses comprehensive data on bank lending and establishment-level outcomes from 1997-2011 to test whether changes in small business bank lending affect the real economy. The shift-share style research design predicts county-level lending shocks using variation in pre-existing bank market shares and estimated bank supply-shifts. Counties with negative predicted supply shocks experienced...

Abstract: Current banking data management on loan approval processes has great room for improvements of information quality and prevention of data problems in general, but especially with regards to fair lending and fair pricing practices. We first review briefly typical data collection protocols deployed at many financial institutions for loan approval and loan pricing. Portions of these data ...

Research on relationship lending focuses attention on economic factors which influence the relationships between SMEs’ owners/managers and banks but no previous work has focused on the role of trust. Trust is expected to reduce agency costs, the perceived credit risk and, thus, influence credit availability and credit terms. Trustworthiness is associated with three attributes of SME owner manag...

One of the issues that the Basel Accord highlighted was that though techniques for estimating the probability of default and hence the credit risk of loans to individual consumers are well established, there were no models for the credit risk of portfolios of such loans. Motivated by the reduced form models for credit risk in corporate lending, we will seek to exploit the obvious parallels betw...

We quantify the effects of lending and balance sheet channels on corporate investment during large crises in emerging markets. The depreciated currency creates investment opportunities in the tradable sector but firms might be financially constrained due to: 1) a deterioration of their balance sheet via un-hedged foreign currency debt (balance sheet channel) and 2) a decline in the supply of cr...

A common challenge in the Consumer Data Industry is how to integrate data with inconsistencies from multiple sources into a single consolidated view. For example, a credit bureau needs to integrate consumer credit history reported by multiple credit lending institutions. Over the past few years, a novel approach, information arbitration, has emerged to produce full attribution, reversible, and ...

In the data, most consumer defaults on unsecured credit are informal and the lending industry devotes significant resources to debt collection. We develop a new theory of credit card lending that takes these two features into account. The two key elements of our model are moral hazard and costly state verification that relies on the use of information technology. We show that the model gives ri...