the issuing of credit cards by banks and other financial and credit institutions is a new experience in iran. the compatibility of credit cards with islamic rules and islamic banking and establishment of a legal structure for maintaining security for such cards, avoiding frauds and settling relating disputes is one of the most challenging issues of the iranian legislation. as the issuance and u...

Is financial literacy a substitute or complement for financial advice? We analyze the decision by consumers to seek financial advice in the form of credit counseling. Credit counseling is an important component of the consumer credit sector for consumers facing debt problems. Our analysis accounts for the endogeneity of an individual’s financial situation to financial literacy, and the endogene...

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...

The financial situation of undergraduate students remains a high-profile issue within the UK higher education sector, not least due to its perceived relationship with retention, well-being and success. This paper probes this question from a new direction, using concepts and approaches from the field of applied psychology to examine how students use various forms of credit and whether personalit...

This paper makes some selective comparisons of the empirical evidence relating to financial discipline and soft budget constraints in the enterprise sector in China and the transition countries of Central and Eastern Europe and the former Soviet Union (CEEFSU). The paper finds that: (1) in both CEEFSU countries and China, budgetary subsidies have fallen as prices have been liberalized, and the ...

The purpose of this study is to find out what factors cause bad debts. results show that from the accounts receivable report. amount debts very high and continues increase. are internal in form weak credit administration systems, supervision information systems irregularities or fraud committed during implementation process. Where rules, standards, procedures have been established not carried p...

An increase in the ability to timely meet commitments which will be due in the near future is a prerequisite for the survival of banks. Hence, the correct and optimal management of liquidity is an important affair that banks should perform. The present study aimed mainly to test the management of asset-liability and liquidity trap in the Credit Institute for Development. The research is applied...