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The Theory of Credit Contracts

With a Focus on Group Lending

Christian Prem (Autor)

Buch | Softcover

XVII, 281 Seiten

2020 | 1st ed. 2020
Springer Fachmedien Wiesbaden GmbH (Verlag)
978-3-658-29361-1 (ISBN)

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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.

Christian Prem, Master of Advanced Studies in Mathematics (University of Cambridge, UK).

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.

Erscheinungsdatum	11.02.2020
Zusatzinfo	XVII, 281 p. 79 illus.
Verlagsort	Wiesbaden
Sprache	englisch
Maße	148 x 210 mm
Gewicht	394 g
Themenwelt	Mathematik / Informatik ► Mathematik ► Angewandte Mathematik
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
Schlagworte	Collateral • Cross-reporting • joint liability • Moral Hazard • Repayment game • Social sanctions
ISBN-10	3-658-29361-6 / 3658293616
ISBN-13	978-3-658-29361-1 / 9783658293611
Zustand	Neuware