Transition matrices are an important determinant for risk management and VaR calculations in credit portfolios. It is well known that rating migration behavior is not constant through time. It shows cyclical behavior and significant changes over the years. We investigate the effect of changes in migration matrices on credit portfolio risk in terms of Expected Loss and Value-at-Risk figures for ...

How to accurately predict customers’ adoption behavior is becoming more important and challenging to many credit card marketers as competition increases. This calls for more knowledge about the consumer utility function and the corresponding decision behavior. In this study, we challenge the commonly used logit model which implies linear utility function and constant marginal rate of substituti...

this study was designed to investigate the demand for institutional credit among small scale farmers in imo state. a sample of 40 livestock and 50 food crop farmers were selected respectively using multistage random sampling technique. data were collected with a well structured questionnaire administered to a total of 90 randomly selected farmers. data collected were analyzed using descriptive ...

This paper develops and structurally estimates a dynamic model of health, education, and wealth. The model identifies the causal effects of different mechanisms through which health, education, and wealth impact each other over a lifecycle. Using the estimated model, we decompose the causal effects of education on health into the direct benefit of improving productivity in a health production f...

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...

In this paper, the relationship between financial literacy and household consumption is empirically analyzed by using The Chinese Family Micro Database (CHFS), structure of households subdivided into survival consumption, development enjoyment respectively, to study impact on different structures. mediating effect credit constraint factors studied moderating digital finance explored. results sh...

Recent rapid development in mobile communication enables people being with cellular phone wherever they go. It is practical to enhance the functionality of cellular phone, and one is to boost consumerfriendly mobile transactions by replacing traditional credit card payment system. However, previous researches focus on the improvement of smartcard technology [1]. That means the handset must be u...

-An inventory model for deteriorating items and shortages with finite production rate and stochastic demand rate is developed when the supplier offers delay period to the retailer for due payment against purchases and the retailer in turn extends the trade credit offer to its customers. This policy of passing on of the credit period is well known as two-level of credit financing. Items in the s...

We use matched, bank-level panel data on Libor submissions and credit default swaps to decompose bank-funding spreads at several maturities into components reflecting counterparty credit risk and funding-market liquidity. To account for the possibility that banks may strategically misreport their funding rates in the Libor survey, we nest our decomposition within a model of the costs and benefi...

A Credit-Based Controller (CBC), which has a provision for cell tagging, is proposed for usage parameter control (UPC). Similar in concept to the leaky bucket, the CBC has a credit counter and a data buuer. Credits are accumulated at a rate initiated from the network (equivalent to the sustainable cell rate), and depleted at a rate pertaining to the network traac load. A source has the prerogat...