The chapter presents a thorough overview of the determinants of non-performing loans. A
major claim in the literature is that the deregulation of the banking system over the past few …

We investigate the impact of bank competition on the use of collateral in loan contracts. We
analyze asymmetric information about the borrowers' type in a Salop model in which banks …

The quality of bank lending is increasingly viewed as a force driving the buildup and
unfolding of crises. In a dynamic general equilibrium model, we show that banks' access to …

In the transition economy of Vietnam, financial market is dominated by banking sector but
commercial banks heavily rely on collateral-based lending. While the relationship between …

We present the first empirical study of loan searching strategies and loan granting decisions
in a context where banks observe whether applicants have unsuccessfully applied for credit …

The governance of companies is of importance to developing countries due to the link
between effective corporate governance and economic development. Ownership and …

In December 2014, ECMI and CEPS formed the European Capital Markets Expert Group
(ECMEG) with the aim of providing a valuable contribution to the debate on the Capital …

Collateral has been extensively utilized as a means to minimize the asymmetric knowledge
that exists between borrowers and lenders. This reduces the risk of credit restriction. The …

1.1 Background In May 2008, the UK Department of Health (“DH”) published a consultation
on the future of tobacco control (the “Consultation”). 1 According to the Consultation, this …

In the recent years, banking industry in Kenya has witnessed unprecedented rise in default
rates which has in turn led to massive increase in the stock of nonperforming loans across …