The Repayment Policy for Multiple Loans is about a given set of loans and a monthly incoming cash flow: what is the best way to allocate the monthly income to repay such loans? In this article, we close the almost 20-year-old open question about how to model the repayment policy for multiple loans problem together with its computational complexity. Thus, we propose a mixed integer linear progra...

This study aims to empirically analyze the influence of locus control variables on debtor behavior. In addition, this also includes religiosity as a moderating variable behavior consumption credit debtors during Covid-19 pandemic. research is quantitative, namely by conducting direct 155 respondent, objects be analyzed using statistical tool STATA version 14. The source data in primary data, na...

The quality spread differential is defined to be the difference between the default premiums demanded for fixed rate and floating rate risky debts. The risky debt model based on Merton’s firm value approach is used to examine the behaviors of the quality spread differential of fixed rate and floating rate debts. We extend earlier result by adopting Geometric Brownian diffusion process with jump...

The introduction of microfinance institutions is viewed as the best alternative source financial services for low-income earners a means to raise their income and reduce poverty. However, empirical research has indicated that majority institutions’ borrowers are over-indebted. Over-indebtedness negative consequences debtors, creditors, economy whole. Since over-indebtedness context-specific phe...

This article is devoted to look at how the factors micro-loan risks in microfinance are related to the micro-borrowers. In this regard, the present analysis involves the using of a set representative and fundamental variables in our research. The study basically use the socio-economic and socio-demographic features specific to the micro-borrowers, which are expected to affect the repayment dela...

This research examines the impact of the strengthened repayment provision under the Employment Insurance (EI) system on the probability of receiving EI benefits among eligible laid-off workers. The new provision has introduced an increase in benefit repayment rates and a reduction in the repayment threshold. Prior to EI, claimants whose annual income was more than 1.5 times the maximum insuranc...