In its latest move to cut financing costs for the real economy, the People's Bank of China (PBOC), the country's central bank, unveiled a plan on Saturday to improve and reform the country's loan prime rate (LPR) mechanism. The new LPR's quotations, to be issu...
In its latest move to cut financing costs for the real economy, the People's Bank of China (PBOC), the country's central bank, unveiled a plan on Saturday to improve and reform the country's loan prime rate (LPR) mechanism. The new LPR's quotations, to be ...
In its latest move to cut financing costs for the real economy, the People's Bank of China (PBOC), the country's central bank, unveiled a plan on Saturday to improve and reform the country's loan prime rate (LPR) mechanism. The new LPR's quotations, to be issued...
Of course this might not be totally irrational. If you believe, as most of us do, that there is an implicit guarantee by the government on future loan losses, then this is clearly a heads-we-win, tails-the-government-loses proposition. Let them pile on the loans at the guaranteed sprea...
New Zealand’s central bank stated that the use of Bitcoin is allowed for any kind of financial operations besides issuing money in a physical form. Fintech in New Zealand is an actively progressing and developing sphere of industry and the country’s government is not willing to prevent its ...
Using loan-level data on Irish mortgages in a property-level housing price model, Kelly et al. (2018) show that a 10% increase in available credit leads to a 1.5% increase in the value of purchased property. However, the decline in housing prices is sensitive to the choice of LTV and ...
In particular, the results suggest that policymakers should be prepared for an environment with less exposure to FRI, ERI, and PRI by decreasing corruption, decreasing internal and external conflicts, increasing government stability, decreasing inflation, increasing the budget balance and current account ...
In the grander scheme of rural revitalization and collective prosperity, financial inclusivity in rural settings becomes a topic of paramount importance [4]. This study addresses a notable gap in the existing literature by concentrating its inquiry on the demand side of rural financial services. ...
Abrogation of Gold Payment Clause - June 5: The government no longer had to repay dollars with gold.20 Home Owners' Loan Act - June 13: This act established the Home Owners Loan Corporation that refinanced mortgages to prevent foreclosures.21 It also provided additional capital to mortgage lend...
Legislation Designates a Scheme to Defraud by Disposal of Solid Waste; Imposes Stiffer Penalties on Offenders Governor Andrew M. Cuomo today signed legislation (S6758-B/A10803a) to strengthen penalties against the illegal disposal of construction debris, demolition debris, and other hazardous substances...