Neu Erschienen: 09.02.2020 Abbildung von Prem | The Theory of Credit Contracts | 1st ed. 2020 | 2020 | With a Focus on Group Lending


The Theory of Credit Contracts

With a Focus on Group Lending

lieferbar ca. 10 Tage als Sonderdruck ohne Rückgaberecht

auch verfügbar als eBook (PDF) für 80.24 €

1st ed. 2020 2020. Buch. xvii, 281 S. 79 s/w-Abbildungen, Bibliographien. Softcover

Springer Gabler. ISBN 978-3-658-29361-1

Format (B x L): 14,8 x 21 cm

Gewicht: 396 g

In englischer Sprache


In this book Christian Prem features new innovations on several levels. On a conceptual level he presents a complete restructuring and modularisation of the field of lending theory. On a formal level he bestows great care on providing precise definitions and promotes notational standardisation. On a technical level the development of an algorithm to solve repayment games automatically is thoroughly documented. Eventually, new theoretic results on the performance of various credit schemes are established, the quality of existing lending schemes is scrutinised and new more efficient mechanisms are presented. The content therefore inspires theorists as well as it provides well-grounded advice to practitioners in the lending industry. Altogether this thesis is a major step towards improving the quality and applicability of lending theory. Contents - A structural analysis of credit contract theory - The treatment of credit contract theory in the literature - A standardisation of credit contract theory - Joint liability and its potential to cause adverse selection instead of resolving it - The perverse effect of joint liability and its disappearance under adaptive punishment - Cross-reporting with zero equilibrium punishment load Target Groups - Scholars and students in economics with a focus on finance - Scientists, lecturers, bank managers, loan officers, economic politicians The AuthorChristian Prem, Master of Advanced Studies in Mathematics (University of Cambridge, UK).


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