Download or read book Imperfect Information Adverse Selection and Interest Rate Sluggishness in the Pricing of Bank Credit Cards written by J. Michael Woolley and published by . This book was released on 1988 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Adverse Selection Search Costs and Sticky Credit Card Rates written by O. Felix Ayadi and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Several scholars of financial economics observed that during the 1980s, market interest rates declined continuously with little or no impact on credit card rates. Recently, Meyercord (1994), Sinkey and Nash (1993) and Sullivan and Worden (1995) recorded significant changes in the credit card market indicating an increased level of competition. This study represents an attempt to determine the sensitivity of credit card rates to the costs of funds in the U.S. economy. The evidence from the Johansen Cointegration test confirms that credit card rates and cost of funds possess a long-run equilibrium relationship with one another. Furthermore, the results of the error correction models are indicative of a sluggish rate at which credit card interest rates adjust to the costs of funds. Between 1982 and 1994, credit card rates adjust to changes in the cost of funds at about 15 percent per quarter. These results represent anecdotal evidence for the validity of adverse selection, search and switch costs explanations that have been discussed in the financial contracting literature.

Download or read book U S Credit Card Industry written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1994-07 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: An assessment of the competitiveness of the U.S. credit card industry. Discusses the structural characteristics of the industry, explanations for the stability of credit card interest rates, and the advantages and disadvantages of various policy options such as an interest rate cap. Charts and tables.

Download or read book U S Credit Card Industry written by United States. General Accounting Office and published by . This book was released on 1994 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Transactions to Resolve Failed Depository Institutions written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs and published by . This book was released on 1990 with total page 1108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Do Firms Differ Much written by Dean Amel and published by . This book was released on 1989 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The National Survey of Small Business Finances written by Brenda G. Cox and published by . This book was released on 1989 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Debt Liquidity Constraints and Corporate Investment written by Toni M. Whited and published by . This book was released on 1990 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Reserve Bulletin written by and published by . This book was released on 1992 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wage Indexation in a Multisector Economy written by John V. Duca and published by . This book was released on 1988 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Ex Ante Turning Point Forecasting with the Composite Leading Index written by Francis X. Diebold and published by . This book was released on 1988 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Forecasting Output with the Composite Leading Index written by Francis X. Diebold and published by . This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Deposit Pricing Bank Market Structure and Welfare with Cost minimizing Consumers written by William C. Whitesell and published by . This book was released on 1988 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Stochastic Coefficients Approach to Econometric Modeling written by P. A. V. B. Swamy and published by . This book was released on 1988 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Fed in Print written by and published by . This book was released on 1989 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Market Structure and the Nature of Price Rigidity written by David Neumark and published by . This book was released on 1989 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Bank Regulatory Requirements on Large Corporate Lending written by Timothy H. Hannan and published by . This book was released on 1989 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: