Comment on Cole

Article Abstract:

Cole's paper is a useful addition to existing economic literature on credit rationing but the paper may be further improved by testing for robustness in stratifying organizational legality and estimating bivariate probit models on loan applications and denials. Interpretation of the findings are also open to debate as with the conclusion that the lender disappearance causes a short term reduction in credit availability and the conclusion that relationships not continuing the probability of denial after a year.

Credit, Credit management, Bank management

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Comment on Avery, Bostic and Samolyk

Article Abstract:

Avery et al have made a significant contribution to economic theory but their paper may be further improved in some areas. Points for clarification or further research may focus on the use of more up-to-date data to incorporate the changes in small-business insurance, the use of guarantees, differences in the data sets of NSSBF and SCF data sets that may show differences in population samples and the overall use of personal commitments.

Literature, Commercial loans, Credit market, Credit markets

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