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...

Credit scoring model is an important tool for assessing risks in financial industry, consequently the majority of financial institutions actively develops credit scoring model on the credit approval assessment of new customers and the credit risk management of existing customers. Nonetheless, most past researches used the one-dimensional credit scoring model to measure customer risk. In this st...

This paper describes a neuro-control fuzzy critic design procedure based on reinforcement learning. An important component of the proposed intelligent control configuration is the fuzzy credit assignment unit which acts as a critic, and through fuzzy implications provides adjustment mechanisms to the main controller. The main controller is the neuro-control unit consisting of a full interconnec...

This paper measures the importance of bank-firm relationships in obtaining higher credit “limits.” We use data from a relatively unused section of the National Survey of Small Business Finance (NSSBF, 1993) on credit limits, credit sources, and contract terms for firms with lines of credit from multiple banks. This lets us isolate the credit limit that each bank provides the same firm, eliminat...

Credit scores are the most widely used instruments to assess whether or not a person is a financial risk. Credit scoring has been so successful that it has expanded beyond lending and into our everyday lives, even to inform how insurers evaluate our health. The pervasive application of credit scoring has outpaced knowledge about why credit scores are such useful indicators of individual behavio...

There are some things you might want to be for life. A credit card holder. A frequent flyer. Someone who likes to work out.Butnoonesays,“IwanttobelabeledasMRSApositive.” Methicillin-resistant Staphylococcus aureus (MRSA) leads to 250 000 hospitalizations in the US per year, and some 10 000 deaths (http://wwwnc.cdc.gov/eid/article/ 13/12/07-0629_article.htm). Moreover, it is hard to shake; in ad...

The evolution of the Fast Messages (FM) communication library has shown the importance of ow control to deliver the raw hardware performance of currently available interconnection networks to the applications. However, the credit-based solution used in FM to provide ow control, though simple and eecient for systems of limited dimension, does not scale well when the dimension of the parallel sys...

Keywords--Forkjom queues, Bulk-arrival process, Credit-based flow control, Performance evaluation, InfiniBand, Fibre Channel. 1. I N T R O D U C T I O N Credit-based flow control management schemes are becoming increasingly popular in high-speed networks that span a local area. Fibre Channel [1], the technology used to realize storage area networks, employs credit-based methods for both end-to-...

This paper focuses on robust performance analysis of a closed loop fractional order system through a sensitivity approach. The characteristic ratio assignment method is selected to attain a desired closed loop transient response. Then, we compute the sensitivity of such a desired transfer function with respect to its characteristic ratio and we explore its specifications. The relation between t...