000			02000nam a2200229 a 4500
001			ASIN0262134225
003			OSt
005			20200227135549.0
008			150423s2003 xxu eng d
020			_a9788126153855
037			_bAllied Book _cPKR 2246.40
040			_cAUMC
082			_a515.35
100			_4Kashyap J.K.
245	1	0	_aConcepts in Differential..............
260			_aNew Delhi : _bAnmol Publications, _c2013.
300			_aviii,208 p. ; _c23 cm. (Rk#6.b Sh#03)
520			_aCredit reporting is a critical part of the financial system in most developed economies but is often weak or absent in developing countries. It addresses a fundamental problem of credit markets: asymmetric information between borrowers and lenders that can lead to adverse selection and moral hazard. The heart of a credit report is the record it provides of an individual's or a firm's payment history, which enables lenders to evaluate credit risk more accurately and lower loan processing time and costs. Credit reports also strengthen borrower discipline, since nonpayment with one institution results in sanctions with others.This book provides the first comprehensive review of credit reporting systems worldwide and documents the rapid growth in the industry. It offers empirical and theoretical evidence of the impact of credit reporting on financial markets, using examples from both developed and developing economies. Credit reporting, it shows, significantly contributes to predicting default risk of potential borrowers, which promotes increased lending activity. The book also covers the role of public policy in the development of credit reporting initiatives, including the role of public credit registries managed by central banks; and the role of legal, regulatory, and institutional factors in supporting credit reporting.
700	1		_aMiller, Margaret J.
856	4	0	_3Amazon.com _uhttp://www.amazon.com/exec/obidos/ASIN/0262134225/chopaconline-20
942			_2ddc _cBK
999			_c19728 _d19728