In order to stress test loan portfolios for the impacts of climate change, historical events need be analyzed create templates future events. Using 2012 Midwestern US drought as an example, this work creates a stress-testing template droughts. The analysis connects weather and crop yield data on local macroeconomic conditions by comparing drought-impacted agricultural counties with nearby urban...

We develop a model of the credit market where competitive lenders offer long-term contracts specifying a non-linear schedule of possible repayment schedules to borrowers who may differ both in their taste for immediate gratification (β) and their prior beliefs about that taste (β̂). The equilibrium contract to a borrower with given beliefs β̂ is discontinuous: it features an advantageous option i...

We build a simple dynamic model to investigate the sequential group lending's ability to resolve the ex-ante moral hazard and under-monitoring problems among group members in comparison with simultaneous group lending. We found that the interest rates proposed by the lender are critical to the analytical results. If the interest rate is under certain parameter conditions, both the leader member...

Abstract Although the social capital, in terms of stronger interpersonal relationships between group borrowers, has been found to exert a positive impact on loan repayment, there is no existing research that endeavored study influence relationship quality individual borrowers repayment. Therefore, this seeks understand and its dimensions repayment using data gathered from survey 450 joint liabi...

As more countries are planning to inaugurate or enlarge student loan schemes, much of the debate is over the question of the optimal form of the repayment obligation: specifically, whether it should be according to a fixed schedule of payments or a percentage or earnings or income. This paper argues that the current fascination with income contingency is frequently based on a set of supposed ad...

OBJECTIVE Previous evidence suggests that episodes of myocardial ischemia of sufficient duration and intensity are required to produce coronary collateral development during repetitive coronary occlusion. This investigation tested the hypothesis that coronary collateral development is also temporal-dependent. METHODS Chronically instrumented dogs (n = 16) were subjected to brief (2 min) left ...

This investigation tested the hypothesis that metabolic syndrome decreases the relative contribution of specific K(+) channels to coronary reactive hyperemia. Ca(2+)-activated (BK(Ca)), voltage-activated (K(V)), and ATP-dependent (K(ATP)) K(+) channels were investigated. Studies were conducted in anesthetized miniature Ossabaw swine fed a normal maintenance diet (11% kcal from fat) or an excess...