PhotonicsViewsVolume 18, Issue 1 p. 85-87 Buyers' GuideFree Access Guide First published: 22 February 2021 https://doi.org/10.1002/phvs.202170115AboutPDF ToolsExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text full-text accessPlease review our Terms and Conditions of Use check box below share version article.I have read accept the Wiley Online Library UseShareab...

There have been more studies on recovery rate modeling of bonds than of personal loans and retail credit. As far as the authors are aware, there exists no research of recovery rate modeling in retail credit for third-party buyers. The goal of this paper is to ll this gap. In our study, over nine million defaulted or non-performing consumer credit data provided by a German debt collection compan...

Electronic business (e-business) refers to the utilization of information and communication technologies (ICT) to support of all aspects of business (Turban et al., 2010). The term was first used by IBM's marketing and Internet teams in 1996 (Amor, 1999). E-business payment systems or solutions refer to the various innovative applications and approaches including the use of credit cards, magnet...

We show that easier access to mortgage credit significantly increases house prices by using exogenous changes in the conforming loan limit as an instrument for easier credit supply and cheaper cost of credit. We find that houses that become eligible for financing with a conforming loan show an increase in house value of 1.1 dollars per square foot (for an average price per square foot of 224 do...

In this paper we show how credit derivatives contracts may be designed to hedge risky credits when banks have to comply with capital requirements and there exists asymmetric information between protection buyers and sellers. In particular we consider the case when banks may of different types according to their ability in screening their borrowers. We show that first-to-default basket swaps in ...

Consumer leverage can contribute to nancial crises such as the subprime mortgage crisis characterized by increased bankruptcy prospects and tightened credit access. This paper embeds nancial frictions in the mortgage contracts of home-buyers within a two-sector economy to show that although households are not production agents and may not start as highly leveraged as nancial institutions, their...

Demand response (DR) has many beneficiaries in the electricity market. There are independent players who are interested in DR, which include: transmission system owners, distributors, retailers, and aggregators. In this paper DR is introduced as a tradable commodity that can be exchanged between DR buyers and sellers in a pool-based market which is called demand response exchange (DRX). DRX ope...

demand response (dr) has many beneficiaries in the electricity market. there are independent players who are interested in dr, which include: transmission system owners, distributors, retailers, and aggregators. in this paper dr is introduced as a tradable commodity that can be exchanged between dr buyers and sellers in a pool-based market which is called demand response exchange (drx). drx ope...