CONTEXT Many states attempt to entice young generalist physicians into rural and medically underserved areas with financial support-for-service programs-scholarships, service-option loans, loan repayment, direct financial incentives, and resident support programs-with little documentation of their effectiveness. OBJECTIVE The objective of this study was to assess outcomes of states' support-f...

Observe that the forward rate F (t, T0, T1) and the swap rate R(t) are known today (time t = 0) from today’s yield curve, but for t > 0 they are unknown and are therefore random variables. In order to value interest rate derivatives we need to model these random variables. To see how we might go about this we consider one of the simplest interest rate derivativesan interest rate cap on a loan. ...

We show that debt is sustainable at a competitive equilibrium based solely on the reputation for repayment; is, even without collateral or legal sanctions available to creditors. In an incomplete asset market, when rate of interest falls recurrently below growth economy, self?insurance more costly than borrowing, and repayments loans are enforced by implicit threat loss risk?sharing advantages ...

This study was designed to determin the effect of nitroglycerin upon transmural distribution of myocardial blood flow in the awake dog during normal conditions and in the presence of ischemia-induced coronary vasodilation. Studies were performed in chronically prepared dogs with electromagnetic flowmeters and hydraulic occluders on the left circumflex coronary artery. Regional myocardial blood ...

We study how signaling affects equilibrium outcomes and welfare in an online credit market, using detailed data on loan characteristics borrower repayment. build estimate model which a may signal her default risk through the reserve interest rate. Comparing markets with without relative to benchmark no asymmetric information, we find that adverse selection destroys as much 34% of total surplus,...

Using individual credit bureau data matched with cash windfalls from fracking, we estimate that windfall recipients reduce debt-to-income by 2.4 percentage points relative to no-windfall controls. Debt repayment effects are 3 times stronger for subprime individuals than prime individuals. Based on the timing of upfront versus continuing payments, debt coincides payments but not news about futur...