In this paper we study the impact of more transparency in the interbank market on the volume of bank intermediated loans and on the profitability of the banking business. Transparency is modeled by means of the informational content of publicly observable signals correlated to the random interbank interest rate. We find that more transparency may increase or decrease the volume of bank loans. I...

Institutional investors and investment managers seek to better characterize the credit risk of online consumer loans. This article describes how to prepare the data and build a credit risk model that can be used for a number of applications including generating alpha, issuing protection and securitizing loans into bonds with the desired risk/reward profile. A simple example is used to provide i...

IN 1979 THE administration of Tucson Medical Center (TMC) encouraged the library staff to explore the possibility of assisting rural Arizona hospitals in developing medical library services. One of the greatest obstacles encountered in establishing effective rural hospital libraries was the absence of trained reference personnel to provide on-site service. Another considerable problem was the d...