We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability and lower cost of credit to firms. This correlation is stronger for opaque firms than transparent firm...

In credit-based flow control for ATM networks, buffer is jirst allocated to each VC (virtual circuit) and then credit control is applied to the VC for avoiding possible buffer overjow. Receiveroriented, adaptive buffer allocation allows a receiver to allocate its buffer dynamically, to VCs from multiple upstream nodes based on their bandwidth usage. This paper describes, in detail, such an adap...

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...

At present, the financing of small and medium-sized enterprises in China’s market economy has caused great concern of the whole society. Small and medium-sized enterprises financing difficulties directly affect our country to complete the “public entrepreneurship, people’s innovation” goal. There are many reasons for the financing difficulties of SMEs, such as the small and medium-sized enterpr...

One of the basic issues in navigation of autonomous mobile robots is the obstacle avoidance task that is commonly achieved using reactive control paradigm where a local mapping from perceived states to actions is acquired. A control strategy with learning capabilities in an unknown environment can be obtained using reinforcement learning where the learning agent is given only sparse reward info...

Financial innovations are a common explanation for the rise in credit card debt and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers’ risk of default and a fixed cost of developing each contract lenders offer. Innovations that ameliorate asymmetric information or reduce this fixed cost have large extensiv...

In this paper, using China’s risk-free and corporate zero yields together with aggregate credit risk measures and various control variables from 2006 to 2013, we document a puzzle of counter-credit-risk corporate yield spreads. We interpret this puzzle as a symptom of the immaturity of China’s credit bond market, which reveals a distorted pricing mechanism latent in the fundamental of this mark...

A classifier system is used to learn control and profit optimization of a batch chemical reaction. Ability to learn different market conditions and changes to reaction parameters is demonstrated. The profit sharing algorithm is used for apportionment of credit. The greater effectiveness of the use of the genetic algorithm over apportionment of credit alone or the random replacement of low stren...

Farm Credit markets in the United States are excellent testimony to high performance over the long term in providing credit and related services to the farm sector, and to timely innovation of new financial institutions, instruments, and practices for meeting farmers' capital and credit needs. These markets evolved from strong reliance a century ago on country or frontier,banks, local merchants...

In two studies, time preferences for financial gains and losses at delays of up to 50 years were elicited using three different methods: matching, fixed-sequence choice titration, and a dynamic “staircase” choice method. Matching was found to create fewer demand characteristics and to produce better fits with the hyperbolic model of discounting. The choice-based measures better predicted real-w...