Credit Reporting Systems and the International Economy信貸報告系統(tǒng)與國際經(jīng)濟

內(nèi)容概要

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.

書籍目錄

Foreword   viiAcknowledgmentsIntroductionMargaret J. MillerI  Institutional Arrangements for Credit Reporting1  Credit Reporting Systems around the Globe: The State of the    Art in Public Credit Registries and Private Credit Reporting    Firms　　Margaret J. Miller2  Public Credit Information: A European Perspective    Tullio Jappelli and Marco Pagano3  Credit Reporting Agencies: A Historical Perspective    Rowena Olegario　　II The Role of Credit Reporting Data in Financial Systems4  Credit Information and Market Performance: The Case of    Chile    Kevin Cowan and Jose De Gregorio5  Private Business Information Exchange in the United    States　　Jarl G. Kallberg and Gregory F. Udell6　The Use of Public Credit Registry Information in the　　Estimation of Appropriate Capital and Provisioning　　Requirements　　Falkenheim and Andrew Powell7　Relationship Lending in the Argentine Small Business Credit　　Market　　Allen N. Berger, Leora F. Klapper, Margaret J. Miller, and　　Gregory F. Udell　　III The Impact of Public Policies on Credit Reporting8  The Value of Comprehensive Credit Reports: Lessons from    the U.S. Experience　　John M. Barron and Michael Staten9　　Privacy Restrictions and the Use of Data at Credit　　Registries　　Raphael W. Bostic and Paul S. Calem10 Segmentation and the Use of Information in Brazilian Credit    Markets　　Armando Castelar Pinheiro and Alkimar Moura11 Regulation of Personal Data Protection and of Credit    Reporting Firms: A Comparison of Selected Countries of Latin    America,the United States, and the European Union    Rafael del Villar, Alejandro Diaz de Ledn, and Johanna Gil    Hubert　　Directory of Credit Reporting Firms around the World　　Index

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