| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2170 |
| DP2170 Currency Crises: A Perspective on Recent Theoretical Developments | |
| Olivier Jeanne | |
| 发表日期 | 1999-06-28 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | Theory predicts that information sharing among lenders attenuates adverse selection and moral hazard, and can therefore increase lending and reduce default rates. To test these predictions, we construct a new international data set on private credit bureaus and public credit registers. We find that bank lending is higher and proxies for default rates are lower in countries where lenders share information, regardless of the private or public nature of the information sharing mechanism. We also find that public intervention is more likely where private arrangements have not arisen spontaneously and creditor rights are poorly protected. |
| 主题 | Financial Economics |
| 关键词 | Credit market Default rate Information sharing |
| URL | https://cepr.org/publications/dp2170 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531278 |
| 推荐引用方式 GB/T 7714 | Olivier Jeanne. DP2170 Currency Crises: A Perspective on Recent Theoretical Developments. 1999. |
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