Information sharing and information acquisition: Ownership and coverage
AbstractWe examine the conditions required for the existence of private credit bureaus, their ownership and coverage. Our model implies that bank consortia will most likely be preferred by banks, but that they will lead to restricted coverage. Independent credit bureaus have higher coverage, but they require good institutions. This implies an important role for public credit registers in developing countries with weak institutions. Our empirical findings largely support the implications of our model.
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Bibliographic InfoPaper provided by Norges Bank in its series Working Paper with number 2011/23.
Length: 39 pages
Date of creation: 12 Jan 2012
Date of revision:
Information sharing; Credit markets; Default; Adverse selection;
Find related papers by JEL classification:
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-18 (All new papers)
- NEP-BAN-2012-01-18 (Banking)
- NEP-CFN-2012-01-18 (Corporate Finance)
- NEP-CTA-2012-01-18 (Contract Theory & Applications)
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