Credit Markets in an Emerging Economy: Evidence from Pakistan
Access Status
Open access
Authors
Hussain, Inayat
Date
2017Supervisor
Prof. Mark Harris
Type
Thesis
Award
PhD
Metadata
Show full item recordFaculty
Curtin Business School
School
School of Economics and Finance
Collection
Abstract
This thesis examines default resolution, fresh credit and lending relationships. The results suggest that collateral expedites both default resolution and access to fresh credit while higher interest rates increase duration of default. The impact of lender-borrower relationship on terms of credit varies by types of financial institution and firm. A longer relationship of a firm with the CEO of its bank results in lower risk premia.
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