Using unique survey and administrative data from Canada, we document that parental support personal savings substantially reduce student loan repayment problems. Developing a model of borrowing repayment, show nonmonetary costs applying for income-based assistance are critical to understanding our findings. Furthermore, eliminating these may be inefficient. Empirically, expanding Canada’s Repay...

the study assessed beneficiaries’ satisfaction in the management of loag-contract components by cooperatives involved in the farm credit delivery in edo state. the objective was to identify the components of the farm loan contract, examine the management strategies and rate the beneficiaries’ satisfaction of such management strategies. this was done by purposively selecting 40 cooperatives invo...

Often they are high-dimensional expected values: Example: In 1995 Traub and Paskov computed values of ‘mortgage-backed obligations’. In the USA people buying a house borrow money from a bank. In return, the bank holds a ’mortgage’. US mortgages last for 30 years, and may be repaid at the end of any month, making 30 × 12 = 360 repayment possibilities. The monthly change in the interest rate is t...

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...

We design an experiment to study the role of (a)symmetry in context group lending with joint liability. The performance joint-liability contracts crucially hinges on borrowers engaging peer monitoring. find that asymmetric contracts, which monitoring is a dominant strategy for one borrower, increase rate, and thus repayment rate performance. Moreover, symmetric contracting also increases expect...

Credit card default losses increased dramatically in the 80s and 90s, from 3% to over 5% of outstanding debt. We explore whether technological progress in debt collection is behind this change by developing a new theory featuring costly state verification with signals. We motivate our approach by the predominance of informal bankruptcy in the credit card market, which necessitates the costly in...

Habitat destruction threatens the viability of many populations, but its full consequences can take considerable time to unfold. Much of the discourse surrounding extinction debts—the number of species that persist transiently following habitat loss, despite being headed for extinction—frames ultimate population crashes as the means of settling the debt. However, slow population decline also op...

This paper proposes a model in which house prices are determined by housing affordability in the short run, while being determined by acquisition costs in the long run. Housing affordability is, in turn, determined by nominal income and nominal mortgage payments. The model explains the recent housing market run-up by lower housing repayment, decreasing nominal interest rates, and a large inflow...

The study presents the issues of rural women in Sadar Upazila of Gazipur district considering their participation in micro credit programs for poverty alleviation. Data were collected from 75 BRAC women beneficiaries of four villages following random sampling techniques. On the basis of credit, the respondent’s have been classified into three categories. These are: i) A-small credit (up to Tk.4...

Given the substantial amount of resources currently invested in microcredit programs, it is more important than ever to accurately assess the extent to which peer monitoring by borrowers faced with group liability contracts actually reduces moral hazard. We conduct a field experiment with women about to enter a group loan program in Paraguay and then gather administrative data on the members’ r...