Credit Reporting Systems and the International Economy

Credit Reporting Systems and the International Economy PDF Author: Margaret J. Miller
Publisher: MIT Press
ISBN: 9780262134224
Category : Business & Economics
Languages : en
Pages : 484

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Book Description
The first comprehensive review of credit reporting systems worldwide, including their institutional forms and evidence of their impact on financial markets. Credit 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.

Credit Reporting Systems and the International Economy

Credit Reporting Systems and the International Economy PDF Author: Margaret J. Miller
Publisher: MIT Press
ISBN: 9780262134224
Category : Business & Economics
Languages : en
Pages : 484

Get Book Here

Book Description
The first comprehensive review of credit reporting systems worldwide, including their institutional forms and evidence of their impact on financial markets. Credit 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.

Credit Scores & Credit Reports

Credit Scores & Credit Reports PDF Author: Evan Hendricks
Publisher:
ISBN: 9780964548619
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
This book is a consumer instruction manual for the credit reporting and credit scoring systems. Although these credit systems directly effect the financial standing of millions of Americans, few people understand them.

Creditor Reporting System

Creditor Reporting System PDF Author:
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 362

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Book Description


An Overview of the Credit Reporting System

An Overview of the Credit Reporting System PDF Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Credit analysis
Languages : en
Pages : 236

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Book Description


Creditworthy

Creditworthy PDF Author: Josh Lauer
Publisher: Columbia University Press
ISBN: 0231544626
Category : History
Languages : en
Pages : 393

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Book Description
The first consumer credit bureaus appeared in the 1870s and quickly amassed huge archives of deeply personal information. Today, the three leading credit bureaus are among the most powerful institutions in modern life—yet we know almost nothing about them. Experian, Equifax, and TransUnion are multi-billion-dollar corporations that track our movements, spending behavior, and financial status. This data is used to predict our riskiness as borrowers and to judge our trustworthiness and value in a broad array of contexts, from insurance and marketing to employment and housing. In Creditworthy, the first comprehensive history of this crucial American institution, Josh Lauer explores the evolution of credit reporting from its nineteenth-century origins to the rise of the modern consumer data industry. By revealing the sophistication of early credit reporting networks, Creditworthy highlights the leading role that commercial surveillance has played—ahead of state surveillance systems—in monitoring the economic lives of Americans. Lauer charts how credit reporting grew from an industry that relied on personal knowledge of consumers to one that employs sophisticated algorithms to determine a person's trustworthiness. Ultimately, Lauer argues that by converting individual reputations into brief written reports—and, later, credit ratings and credit scores—credit bureaus did something more profound: they invented the modern concept of financial identity. Creditworthy reminds us that creditworthiness is never just about economic "facts." It is fundamentally concerned with—and determines—our social standing as an honest, reliable, profit-generating person.

Creditor Reporting System Gazette

Creditor Reporting System Gazette PDF Author:
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 512

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Book Description


NCUA Quarterly

NCUA Quarterly PDF Author: United States. National Credit Union Administration
Publisher:
ISBN:
Category : Banks and banking, Cooperative
Languages : en
Pages : 40

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Book Description


Aid Activities in Africa 2003

Aid Activities in Africa 2003 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9789264103320
Category :
Languages : en
Pages : 358

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Book Description
This publication provides detailed information on individual commitments, i.e. intended disbursements, of Official Development Assistance (ODA) to African countries for the years 2001 and 2002. This yearly publication records the commitments ...

Aid Activities in Least Developed Countries Creditor Reporting System

Aid Activities in Least Developed Countries Creditor Reporting System PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264034986
Category :
Languages : en
Pages : 217

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Book Description


The Importance of the National Credit Reporting System to Consumers and the U.S. Economy

The Importance of the National Credit Reporting System to Consumers and the U.S. Economy PDF Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 224

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Book Description