The purpose of this study is to examine the effect rural household’s head and household characteristics on credit accessibility. This also seeks investigate how constraint affects welfare in Mezam division North-West region Cameroon. Using data from a survey questionnaire, we found that 36.88% households were credit-constrained, while 63.13% unconstrained. A probit regression model was used det...

Disclaimer The analysis and conclusions of this document are those of the authors. They do not necessarily reflect the official position of the AFD or its partner institutions. Foreword The " Impact Analyses " series aims to comprise works resulting from impact evaluations, and more largely, retrospective analyses of final results obtained in the framework of development policies or interventio...

We analyze how regulatory constraints on household leverage—in the form of loan-to-income and loan-to-value limits—affect residential mortgage credit house prices as well other asset classes not directly targeted by limits. Loan-level data suggest that is reallocated from low- to high-income borrowers urban rural counties. This reallocation weakens feedback between slows price growth in “hot” h...

We augment an otherwise standard business cycle model with a richer government sector and add modified cash in advance (CIA) deposit considerations. In particular, both the advance- constraints of earlier work are extended to include private investment consumption. Also, part purchases made using credit. This specification is then calibrated Bulgarian data after introduction currency board (199...

Abstract Using a survey of enterprises in Myanmar, we examine demand for formal credit and the extent to which firms are self-constrained by not applying or if they apply constrained bank’s rejections. We have information about firm managers’ managerial capacity risk attitude. use this test allocation loanable funds is systematically associated with attributes. find that these attributes positi...

In this paper, we study the effects of uncertainty shocks in a quantitative framework where firms corporate sector are constrained by credit. Specifically, formulate borrowing constraints as nested function that features both earnings and capital alternative instruments for assessing credit worthiness, line with recent trends finance. We find incorporates only one instrument (capital or earning...

We survey 1,050 Chief Financial Officers (CFOs) in the U.S., Europe, and Asia to directly assess whether their firms are credit constrained during the global financial crisis of 2008. We study whether corporate spending plans differ conditional on this surveybased measure of financial constraint. Our evidence indicates that constrained firms planned deeper cuts in tech spending, employment, and...

The aim of this paper is to understand what a recession means for individual consumers, and to model in a life-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working age groups. We then study lif...

Credit scoring can be defined as a statistical modeling technique used to assign risk to credit applicants or to existing credit accounts. We present a new process that enhances the formulation and solution approach in the SAS® system during the so-called “binning” phase by exploiting SAS/OR optimization capabilities to approach the problem from a mathematically rigorous perspective. Usually, a...

In this paper, we propose a novel Two-level Particle Swarm Optimization (TLPSO) to solve the credit portfolio management problem. A two-date credit portfolio managem ent model is considered. The objective of the manager is to minimize the maximum expected loss of the portfolio subject to a given consulting budget constraint. The captured problem is very challenging due to its hierarchical struc...