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Banking x Microeconomics x clear all

Access to Financial Services: Measurement, Impact, and Policies

Thorsten Beck, Asli Demirgüç-Kunt and Patrick Honohan.

in The World Bank Research Observer

February 2009; p ublished online February 2009 .

Journal Article. Subjects: Microeconomics; Financial Institutions and Services; Banking; Economic Development. 9503 words.

In many developing countries less than half the population has access to formal financial services, and in most of Africa less than one in five households has access. Lack of access to...

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The adverse selection problem in imperfectly competitive financial markets

Ville Mälkönen and Timo Vesala.

in Oxford Economic Papers

October 2013; p ublished online November 2012 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Banking; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 5695 words.

We show that two horizontally differentiated banks can implement separating equilibria in markets for bank loans by using non-linear price schedules. The optimal strategies of the banks...

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The Attractions and Perils of Flexible Mortgage Lending

Mark J. Garmaise.

in The Review of Financial Studies

October 2013; p ublished online August 2013 .

Journal Article. Subjects: Banking; Household Behaviour and Family Economics. 15803 words.

A mortgage program that offered borrowers greater flexibility in the timing of repayments increased a bank's volume by over 35%. Loans in the program exhibited superior performance. Despite...

Bank Credit Cycles

G. B. Gorton and Ping He.

in The Review of Economic Studies

October 2008; p ublished online October 2008 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Prices, Business Fluctuations, and Cycles; Banking. 16461 words.

A bank determines whether potential borrowers are creditworthy, that is, whether they meet the bank's credit or lending standards. In making this determination, each bank is in competition...

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Banking: A New Monetarist Approach

Chao Gu, Fabrizio Mattesini, Cyril Monnet and Randall Wright.

in The Review of Economic Studies

April 2013; p ublished online January 2013 .

Journal Article. Subjects: Microeconomics; Banking; Money and Interest Rates; Macroeconomics and Monetary Economics. 14097 words.

We develop a model where: (i) banks take deposits and make investments; (ii) their liabilities facilitate third-party transactions. Other models have (i) or (ii), not both, although we...

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A behavioral model of simultaneous borrowing and saving

Karna Basu.

in Oxford Economic Papers

October 2016; p ublished online May 2016 .

Journal Article. Subjects: Intertemporal Choice and Growth; Banking; Economic Development. 3304 words.

Why do individuals borrow and save at the same time? This paper proposes a new explanation in settings where savings are not secure. A sophisticated hyperbolic discounter who foresees an...

The Conditional Effects of Market Power on Bank Risk—Cross-Country Evidence

Jens Forssbæck and Choudhry Tanveer Shehzad.

in Review of Finance

August 2015; p ublished online October 2014 .

Journal Article. Subjects: Financial Regulation; Banking; International Finance; Market Structure and Pricing. 13603 words.

We investigate the relationship between market power and risk for a large panel of banks worldwide. Loan and deposit market power are measured separately at bank-year level, and the risk...

Contagious Effects of a Political Intervention in Debt Contracts: Evidence Using Loan-Level Data

Prasanna L Tantri.

in The Review of Financial Studies

November 2018; p ublished online January 2018 .

Journal Article. Subjects: Household Behaviour and Family Economics; Financial Regulation; Banking. 17056 words.

Abstract

Using an unexpected government regulation that restricted the ability of microfinance institutions to recover loans in one Indian state, I examine...

Credit Line Usage, Checking Account Activity, and Default Risk of Bank Borrowers

Lars Norden and Martin Weber.

in The Review of Financial Studies

October 2010; p ublished online August 2010 .

Journal Article. Subjects: Household Behaviour and Family Economics; Information, Knowledge, and Uncertainy; Financial Institutions and Services; Banking; Corporate Governance. 14969 words.

Information on borrower quality is a fundamental issue in debt contracting, corporate and consumer finance, and financial intermediation. We investigate the link between account activity...

Distance and Modern Banks’ Lending to SMEs: Ethnographic Insights from a Comparison of Regional and Large Banks in Germany

Franz Flögel.

in Journal of Economic Geography

January 2018; p ublished online July 2017 .

Journal Article. Subjects: Banking; Information, Knowledge, and Uncertainy; Regional Government Analysis. 11075 words.

Abstract

By lending at a shorter functional distance, regional banks are associated with enhanced access to soft information compared with large banks, thus...

Distance and Private Information in Lending

Sumit Agarwal and Robert Hauswald.

in The Review of Financial Studies

July 2010; p ublished online April 2010 .

Journal Article. Subjects: Banking; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 13892 words.

We study the effects of physical distance on the acquisition and use of private information in informationally opaque credit markets. Using a unique data set of all loan applications by...

Does a Picture Paint a Thousand Words? Evidence from a Microcredit Marketing Experiment

Xavier Giné, Ghazala Mansuri and Mario Picón.

in The World Bank Economic Review

October 2011; p ublished online July 2011 .

Journal Article. Subjects: Banking; Production and Organizations; Information, Knowledge, and Uncertainy; Economic Development. 10995 words.

Female entrepreneurship is low in many developing economies partly due to constraints on women's time and mobility, often reinforced by social norms. We analyze a marketing experiment...

Does Competition Reduce the Risk of Bank Failure?

David Martinez-Miera and Rafael Repullo.

in The Review of Financial Studies

October 2010; p ublished online August 2010 .

Journal Article. Subjects: Banking; Market Structure and Pricing; Money and Interest Rates. 11196 words.

A large theoretical literature shows that competition reduces banks' franchise values and induces them to take more risk. Recent research contradicts this result: When banks charge lower...

Estimating the Effect of Hierarchies on Information Use

Jose M. Liberti and Atif R. Mian.

in The Review of Financial Studies

October 2009; p ublished online January 2009 .

Journal Article. Subjects: Production and Organizations; Information, Knowledge, and Uncertainy; Banking; Corporate Governance. 15101 words.

Theory suggests that greater hierarchical distance between a subordinate and his boss makes it more difficult to share abstract and subjective information in decision making. A novel...

The euroization of bank deposits in Eastern Europe

Martin Brown and Helmut Stix.

in Economic Policy

January 2015; p ublished online December 2014 .

Journal Article. Subjects: Household Behaviour and Family Economics; Banking; Money and Interest Rates. 16853 words.

In Central, Eastern and Southeastern Europe a substantial share of bank deposits are denominated in foreign currency. Deposit euroization poses key challenges for monetary policy and...

Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts

Dean Karlan and Jonathan Zinman.

in The Review of Financial Studies

January 2010; p ublished online November 2009 .

Journal Article. Subjects: Household Behaviour and Family Economics; Banking; Welfare and Poverty. 14711 words.

Expanding access to commercial credit is a key ingredient of financial development strategies. There is less consensus on whether expanding access to consumer credit helps borrowers,...

The fat years: the structure and profitability of the US banking sector in the pre-crisis period

Fiona Tregenna.

in Cambridge Journal of Economics

July 2009; p ublished online July 2009 .

Journal Article. Subjects: Mergers and Acquisitions; Economic Development; Banking; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 10012 words.

Bank profitability in the USA was extremely high in the pre-crisis period, yet this did not prevent the current crisis. It has become clear that these profits were on shaky grounds and also...

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Financing from Family and Friends

Samuel Lee and Petra Persson.

in The Review of Financial Studies

September 2016; p ublished online May 2016 .

Journal Article. Subjects: Corporate Governance; Banking; Economic Development; Household Behaviour and Family Economics; Welfare Economics. 19816 words.

Most informal finance comes from family and friends. Existing informal finance theories cannot match two characteristics of family finance: family investors may accept below-market or even...

The geography of financial inclusion across Europe during the global crisis

Germana Corrado and Luisa Corrado.

in Journal of Economic Geography

September 2015; p ublished online January 2015 .

Journal Article. Subjects: Household Behaviour and Family Economics; Banking. 13447 words.

This article identifies the main determinants of financial inclusion, defined as the probability of using both banking and credit services, across 18 Eastern European economies and 5...

Getting Credit to High Return Microentrepreneurs: The Results of an Information Intervention

Suresh de Mel, David McKenzie and Christopher Woodruff.

in The World Bank Economic Review

October 2011; p ublished online May 2011 .

Journal Article. Subjects: Banking; Production and Organizations; Information, Knowledge, and Uncertainy; Economic Development. 11981 words.

Small-scale entrepreneurs typically cite access to finance as the most important constraint to growth. Recent randomized experiments have shown the return to capital to be very high for the...