In Informal Markets, Trustworthy Data Are Key
Reliable information, not financial literacy, is the main barrier to credit growth.
In Informal Markets, Trustworthy Data Are KeyWhy no news is news
The absence of news reports and the passage of time often contain important information markets tend to overlook
Research suggests that investors, by underreacting to information tied to the passage of time, are ignoring potential profits.
Stefano Giglio and Kelly Shue, “No News Is News: Do Markets Underreact to Nothing?” Review of Financial Studies, August 2014. Chart reprinted with permission from Oxford University Press. Copyright 2014.
Reliable information, not financial literacy, is the main barrier to credit growth.
In Informal Markets, Trustworthy Data Are KeyOlder, quirky homes can be cheaper, but also harder to obtain financing for.
Need a Mortgage? Banks Prefer Modern, Standardized HousingIn areas lacking formal reporting and resolution systems, community-driven reciprocity may fill in and enable access to crwww.
In Some Places, Community Is Key to Who Gets Commercial CreditYour Privacy
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