Do Mortgage Lenders Compete Locally? Implications for Credit Access

2021 ◽  
Author(s):  
Greg Buchak ◽  
Adam Jørring
Keyword(s):  
Credit Access ◽  
Mortgage Lenders

Credit Access and Severe Climate Risks

2016 ◽  
Author(s):  
Benjamin Lee Collier ◽  
Volodymyr Babich
Keyword(s):  
Credit Access ◽  
Climate Risks

The Political Economy of Debt

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Political Economy ◽  
Economic Models ◽  
The Political ◽  
Private Debt ◽  
Credit Access ◽  
Anglo American ◽  
Scholarly Attention

The explosive rise in not just public, but also private debt has recently attracted more scholarly attention. This is a novel development and might expose politico-economic models of governance to instability from an angle previously underappreciated. The liberalization of credit access in the Anglo-American countries, and, somewhat later, beyond those, might be seen as liberating for some, but they also create the potential for entrapment in debt. The term ‘privatized Keynesianism’ has been proposed to suggest a systematic agenda behind the facilitated access to lending. In this chapter, the broader access to investment vehicles is also being scrutinized, although upon closer inspection any claims of mass ownership of shares turn out not to be tenable.

Command Agriculture and Food Security: An Interrogation of State Intervention in the Post-Fast Track Land Redistribution Era in Zimbabwe

2020 ◽  
pp. 002190962097933
Author(s):  
Langton Makuwerere Dube
Keyword(s):  
Food Security ◽  
Qualitative Analysis ◽  
Value Chain ◽  
Fast Track ◽  
State Intervention ◽  
Contract Farming ◽  
Credit Access ◽  
Land Redistribution ◽  
Agriculture And Food ◽  
Fiscal Prudence

Command agriculture is a contract farming scheme necessitated by land redistribution that ruptured Zimbabwe’s sources of resilience, distorted credit access, heightened tenure insecurity, and spiked vulnerability to droughts. Using qualitative analysis of extant literature, this article rationalizes the program’s nobility of cause but argues that the program alone cannot revamp agriculture. Notwithstanding how the program has evolved, revamping agriculture also encompasses policies that address fiscal prudence and macroeconomic resilience. Equally important is agricultural training that fosters skills and technologies that are not only climate-responsive but also meet the demands of the constantly evolving agrarian value chain.

scholarly journals Impact of devolved forest tenure reform on formal credit access for households: Evidence from Fujian, China

2021 ◽  
Author(s):  
Jiayun Dong ◽  
Wenyuan Liang ◽  
Yimin Fu ◽  
Weiping Liu ◽  
Shunsuke Managi
Keyword(s):  
Credit Access ◽  
Tenure Reform ◽  
Forest Tenure

scholarly journals SME credit constraints and access to informal credit markets in Vietnam

2020 ◽  
Vol 47 (6) ◽  
pp. 787-807 ◽  
Author(s):  
Lan Archer ◽  
Parmendra Sharma ◽  
Jen-Je Su
Keyword(s):  
Peer Review ◽  
Credit Markets ◽  
Credit Constraints ◽  
Policy Implications ◽  
Informal Credit ◽  
Banking Services ◽  
Content Type ◽  
Credit Access ◽  
Access Policy ◽  
Correlated Random Effects

PurposeA review of literature has documented that accessing formal credit and other banking services has always been a crucial challenge for small and medium-sized enterprises (SMEs). The alternative, therefore, tends to be informal channels. However, the credit constraint vis-à-vis informal channel link does not appear to be well documented in the literature. This study aims to investigate whether credit constraints significantly affect the probability of accessing informal credit, as well as the credit values of Vietnamese SMEs.Design/methodology/approachThis study uses a trinary approach and correlated random-effects Probit and Tobit techniques to avoid the incidental coefficients problem.FindingsThe results suggest that relative to unconstrained and partially constrained firms, fully constrained firms tend to be more active in the informal credit markets, shown by their higher probability of informal credit access and larger credit values.Originality/valueTo the best of authors’ knowledge, this is the first study on Vietnam that takes a different approach to credit constraints and examines their impact on informal credit access. Policy implications arise and are discussed.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-11-2017-0543

Loan officer rotation and credit access: evidence from Madagascar

2019 ◽  
Vol 80 (1) ◽  
pp. 51-67
Author(s):  
Yaw Sarfo ◽  
Oliver Musshoff ◽  
Ron Weber
Keyword(s):  
Rural Areas ◽  
Urban Areas ◽  
Frequency Effect ◽  
Content Type ◽  
Credit Access ◽  
Loan Officer ◽  
Microfinance Institution ◽  
Lending Decisions ◽  
Loan Officers ◽  
Loan Approval

Purpose With exclusive data from a commercial microfinance institution (MFI) in Madagascar, the purpose of this paper is to investigate if loan officer rotation (change of loan officer) has an effect on credit access (loan approval) in rural and in urban areas. The authors further analyze how the frequency of loan officer rotation affects credit access in rural and in urban areas. Design/methodology/approach The authors apply propensity score matching to compare credit access between loan applicants who experienced loan officer rotation and loan applicants who experienced no loan officer rotation in rural and in urban areas. Findings Results show that loan officer rotation has a positive and statistically significant effect on credit access. The authors observe further that loan officer rotation has a different effect on credit access in rural and in urban areas. Whilst rural loan applicants who experienced loan officer rotation are more likely to have credit access, urban loan applicants show no statistically significant effect of loan officer rotation on credit access. For the frequency effect on credit access, the authors observe that one loan officer rotation has a positive and statistically significant effect on credit access whereas results are mixed for two loan officer rotations. Research limitations/implications Even though the authors can show that loan officer rotation can improve credit access to loan applicants, especially in rural areas, the conditions in Madagascar are unique. Therefore, results need to be verified in other countries and institutional contexts. Practical implications From the perspective of MFI, the authors recommend that the management of MFI needs to provide better tools to loan officers to improve on the evaluation of agricultural loan products or standardize the assessment of agricultural loan products to improve on lending decisions. Further, if applicable, the authors recommend that MFI should consider using credit worthiness assessment procedures which rely less on loan officer’s judgment for loan evaluation, such as automated systems. From the perspective of loan applicants, the authors recommend that loan applicants should request for a change of loan officer if they experience successive loan applications rejection. Originality/value To the authors’ knowledge, this paper is the first to provide empirical evidence on the effect and frequency of loan officer rotation on credit access in Sub-Sahara Africa, and Madagascar, in particular.

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