1 In the credit risk analysis, the dependence of default times is one of most important issues, for the portfolio credit derivatives as basket default swaps and CDOs, and also for the contagious credit risks. In the literature, the modelling of multi credit names is diversified in various directions such as Markov models ([3, 4]), contagion models ([10]), latent variable models ([8]) and loss p...

The credit scoring model development has become a very important issue, as the credit industry is highly competitive. Therefore, considerable credit scoring models have been widely studied in the areas of statistics to improve the accuracy of credit scoring during the past few years. This study constructs a hybrid SVM-based credit scoring models to evaluate the applicant’s credit score accordin...

1 Background Credit cards have been widely used in the USA. The industry has matured so much that most households hold many credit cards and most consumers use credit cards as means of payment. They usually maintain their records on credit cards. In the USA, a total amount of credit card balances is about $700 billion. Because of the wide usage of credit cards, the term of cards is becoming a m...

Pledgeable assets support more borrowing, which allows for further investment in pledgeable assets. We use this credit multiplier to identify the impact of …nancing frictions on corporate investment. The multiplier suggests that investment–cash ‡ow sensitivities should be increasing in the tangibility of …rms’assets (a proxy for pledgeability), but only if …rms are …nancially constrained. Our e...

www.philadelphiafed.org R eports in the popular press and policymakers’ concerns about student loans have greatly intensified in recent years because of rising student loan balances and defaults. Even greater cause for concern arose as student loans outstanding passed credit card debt to become the single largest nonmortgage household debt in 2012. Worries about the risk of massive default have...

EXTRA CREDIT: This problem set is not required, but can be turned in on the last day of classes or earlier, for up to three points of extra credit. The problem set includes 35 points of problems, which will be credited by muliplying your score by 3/35 and then increasing your final course grade by this amount. This extra credit assignment is an alternative to the extra credit paper that has alr...

A Bayesian latent variable model with classification and regression tree approach is built to overcome three challenges encountered by a bank in credit-granting process. These three challenges include (1) the bank wants to predict the future performance of an applicant accurately; (2) given current information about cardholders’ credit usage and repayment behavior, financial institutions would ...

This study is on the determinants of credit access by small scale farmers in Dekina Local Government Area of Kogi State, Nigeria. The specific objectives are to; identify the major source of credit among the small scale farmers; estimate the determinants of farmers’ access to formal credit; compare the farm income of farmers who have access to formal credit and those who have not and identify c...

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 ...

2 Model Designs 3 2.1 The Base Macro-economic Model . . . . . . . . . . . . . . . . 4 2.2 The Demand For Credit . . . . . . . . . . . . . . . . . . . . . 4 2.2.1 Fixed Investment . . . . . . . . . . . . . . . . . . . . . 5 2.2.2 Residential Investment . . . . . . . . . . . . . . . . . . 6 2.2.3 Consumption . . . . . . . . . . . . . . . . . . . . . . . 8 2.3 The Supply of Credit . . . . . . . . ...