The Theory of Credit Contracts

With a Focus on Group Lending

Christian Prem

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English

Springer Gabler
09 February 2020

Banking; Credit & credit institutions; Financial services industry

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.

By: Christian Prem
Imprint: Springer Gabler
Country of Publication: Germany
Edition: 2020 ed.
Dimensions: Height: 210mm, Width: 148mm,
Weight: 454g
ISBN: 9783658293611
ISBN 10: 3658293616
Pages: 281
Publication Date: 09 February 2020
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

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.

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