We develop a simple model of credit market imperfections, in which the agents have access to a variety of investment projects, which differ in productivity, in the investment size, and in the severity of the agency problems behind the borrowing constraints. A movement in borrower net worth can shift the composition of the credit between projects with different productivity levels. The model thu...

This study was undertaken to investigate the impact of microfinance on agricultural productivity by smallholder farmers in Makurdi Metropolis of Benue State, Nigeria. Data were randomly collected from 120 farmers consisting of 60 credit beneficiaries (CB) and 60 non-credit beneficiaries (NCB) by which were analyzed through descriptive statistics and multiple regression analysis. The results of ...

Credit allocation through the usage of Portfolio optimization mainly seeks tomaximize return and minimize the risk of the portfolio; but there are other importantissues including sustainable development which is important for government/publicsectors. This paper presents a novel credit allocation approach based on portfoliooptimization and investigates the effects of selected indicators of sust...

We re-examine the evidence on the relationship between credit spreads and economic activity, by constructing a credit spread index based on an extensive micro-level data set of secondary market prices of outstanding senior unsecured corporate bonds over the 1973–2009 period. Compared with the standard default-risk and other financial indicators, our credit spread index is a robust predictor of ...

We construct a model of rational bubbles under credit frictions and show that bubbles held by banks can generate large credit expansions followed by financial crisis. The size of boom-bust is somewhat larger than the case in which savers directly hold bubbles. Thus massive credit exansion during booms can be interpreted as an early warning indicator of possible subsequent crisis.

This study was designed to investigate the demand for institutional credit among small scale farmers in Imo State. A sample of 40 livestock and 50 food crop farmers were selected respectively using multistage random sampling technique. Data were collected with a well structured questionnaire administered to a total of 90 randomly selected farmers. Data collected were analyzed using descriptive ...

ordered probit model was employed to investigate the factors affecting access to credit, allocated by iran agricultural bank to the needy in kohgilouieh and boirahmad province. based on the received credits, farmers were divided into five groups and the model estimated for these groups. the required data were collected by filling up of a number of 198 questionnaires by farmers in kohgilouieh an...

Metal-Based Drugs 6(2) (1999), 127 RADIOPROTECTANT ACTIVITY OF 5-DIETHYLSULFONAMOYLSALICYLATOCOPPER(II) IN GAMMA IRRADIATED MICE John A. Kuykendall, III, Hugh Simmons, III, Henry J. Irving, Mark A. Wear, Paul G. Sorenson, Linda G. Tipton, Kenchasha M. Maddox, Elsie L. Williams, Van Anh Pham-Tran, Chassie Credit, Israt L. Chowdhury, Shaheen Khan, J. Brooks Tipton, William M. Willingham, and John...

The extension of mortgage credit to underserved, minority, and higher credit-risk populations has been a topic of discussion among researchers and policymakers in recent years, as both the Clinton and Bush administrations have articulated policies that have sought to advance the homeownership opportunities of underserved and minority groups. Research accordingly has sought to identify the deter...