Search results for "repayment"
showing 7 items of 7 documents
Women and Repayment in Microfinance: A Global Analysis
2011
NOTICE: this is the author’s version of a work that was accepted for publication in World Development. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in World Development, 39(5), 758-772 http://dx.doi.org/10.1016/j.worlddev.2010.10.008 This paper uses a global data set of 350 microfinance institutions (MFIs) in 70 countries to study the common belief that women are generally better credit risks in microfinance than men. The r…
Financial incentive to prepay in fixed-rate mortgages
2004
The borrower's financial incentive to prepay is a crucial determinant in estimating prepayment in mortgage pools and, consequently, in valuing mortgage-backed securities. In mortgage prepayment literature, this incentive to prepay has been proxied by both the ratio of the loan rate to the refinancing rate and by the arithmetic spread between the two rates; however, the former is considered to be a better proxy of the refinancing incentive than the latter by a section of the literature. In this paper, the authors check the accuracy of that statement and subsequently estimate two prepayment functions using, alternatively, the two proxies. The results indicate that the use of the ratio does no…
How to pay for the war in times of imperfect commitment. Adam Smith and David Ricardo on the Sinking Fund
2014
AbstractThe paper proposes a comparative analysis of Smith's and Ricardo's views on the sinking fund. It shows that Smith and Ricardo agreed in stressing the ineffectiveness of the sinking fund as a policy instrument targeted at public debt repayment and tax-burden relief, pointing out that its actual workings had paradoxically helped to increase rather than reduce British total debt-load. Moreover, their explanation of the sinking fund paradox integrates a defective fiscal commitment technology with powerful politicians’ incentives to siphon off the money stored in the sinking fund to meet sudden increases of public expenditure whenever the occasion arose.
Does it (re)pay to be female? Considering gender in microfinance loan officer-client pairs
2021
This paper examines the effect of the gender combination of client-loan officer pairs on loan repayment in an Ecuadorian microfinance institution. We show that among the four possible client-loan officer gender pairs i.e. female client-female loan officer, female client-male loan officer, male client-male loan officer and male client-female loan officer, the most favourable pairs in terms of repayment are those with female loan officers whereas the least favourable are those with male loan officers. We also show that repayment is even further enhanced for all client-loan officer pairs when the client’s previous loan officer was a woman. Our findings point to relational differences between m…
L'ammortamento alla francese: una questione di trasparenza
2023
Il saggio esamina i numerosi problemi posti dal c.d. metodo di ammortamento alla francese per osservare che buona parte dei problemi dibattuti sorgono dal difficile dialogo tra giuristi e matematici finanziari. Sotto il profilo giuridico rileva, in particolare, che l’ammor- tamento alla francese pone soprattutto problemi di trasparenza delle condizioni contrattuali e di comprensione, da parte del cliente, delle modalità di rimborso del capitale mutuato e dell’entità del debito residuo. The essay examines some problems posed by the so-called French amortization method to observe that most of the debated problems arise from the difficult dialogue between jurists and financial mathematicians. …
The Influence of Relationship Lending on SMEs Loan Repayment Performance
2020
The study examined the influence of relationship lending on repayment performance of small- and medium-enterprise (SME) credit facilities. Four hypotheses were developed and tested using data from 395 sampled borrowers of the largest Tanzanian bank. Data for independent variables were obtained through an administered questionnaire while the data for dependent variable were obtained from the borrowers’ records with the bank. Descriptive and econometric analyses were conducted. Findings show that length and depth of relationship between bank and customers positively and significantly influence the repayment performance. Contrary to other empirical works, the findings revealed the scope of th…
Debt relief through creditors' repayment plan in Poland
2019
Consumer bankruptcy is a relatively new institution in Poland. It has been functioning in the Polish legal system since 2008. The serious amendment to the provisions on consumer bankruptcy made by the Act of 30 August 2019 amending the Act – Bankruptcy Law and some other acts (Journal of Laws 2019 item 1802) will certainly have a significant impact on the remarkable increase in the number of bankruptcy cases. The debt relief of an insolvent natural person non conducting business activity is possible by canceling the debtor's obligations by court order in a separate procedure after the repayment plan has been completed. The debt relief mode discussed in this paper can be described as "classi…