Default resolution and access to fresh credit in an emerging market
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- 作者：Inayat Hussaina ; b ; inayat.hussain@postgrad.curtin.edu.au" class="auth_mail" title="E-mail the corresponding author ; Robert B. Duranda ; Robert.Durand@curtin.edu.au" class="auth_mail" title="E-mail the corresponding author ; Mark N. Harrisa ; Mark.Harris@curtin.edu.au" class="auth_mail" title="E-mail the corresponding author
- 关键词：Emerging markets ; Default resolution ; Access to credit ; Duration analysis
- 刊名：Pacific-Basin Finance Journal
- 出版年：2016
- 出版时间：September 2016
- 年：2016
- 卷：39
- 期：Complete
- 页码：256-274
- 全文大小：589 K
文摘
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We study default resolution and access to fresh credit in an emerging market.
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Collateral expedites default resolution and access to fresh credit.
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This is the first study to document the role of collateral in default resolution.
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We use a unique dataset of all commercial loans made in Pakistan from 2006 to 2013.