A proposed banking union would help to separate the commercial banks creditworthiness from that of their government.

They anticipate revenue in order to appear creditworthy.

Lenders (the bankers) are suspicious, worried about creditworthiness, and demand high risk premia.

At the same time, additional initiatives have been taken to increase the access to finance of credit worthy enterprises.

This would, in its turn, allow banks and other lenders to better assess enterprise risks using modern ICT based techniques for credit risk assessment and credit scoring.

Sovereign creditworthiness will continue to diverge, with a further deterioration in advanced countries and continued improvement in emerging markets.

Finally, the high correlation between the creditworthiness of a particular country s commercial banks and that of its government creates an additional source of vulnerability, which is particularly damaging in the eurozone.

There is no indication that the markets are dysfunctional and overstating the differences between countries creditworthiness.

The banks claim that lending remains constrained by a shortage of creditworthy borrowers, owing to the sick economy.

The debts will re emerge like a tumor, growing year by year, while undermining the creditworthiness of stable eurozone countries.

So, for example, if they use the cash to continue financing the private sector, they will ensure that loans go to creditworthy customers.

They focused on buying assets, repackaging them, and selling them, while establishing a record of incompetence in assessing risk and screening for creditworthiness.

Meanwhile, too little is being done to help banks that actually do what banks are supposed to do lend money and assess creditworthiness.

All of these are highly uncertain, and require many assumptions to reach some form of judgment about creditworthiness.

The continuation of the current crisis is likely to produce more foreign exchange crises, as governments creditworthiness and the position of their banks go hand in hand.

The ECB has lowered the threshold of creditworthiness that Greek government securities must meet in order to allow continued Greek borrowing.

PRINCETON Fiscal unification is often an effective way to enhance creditworthiness, and it may also create a new sense of solidarity among diverse peoples living within a large geographic area.

Mastering the specific information related to assessing creditworthiness and monitoring the performance of loans is precisely the kind of thing at which the private sector is supposed to excel.

Likewise, if the perceived creditworthiness of the government is shaken, then intervention from some outside lender of last resort might be essential for either the second or third cure to work.

By building up savings over a few years, the farmers eventually become creditworthy, or have enough cash to purchase vitally necessary inputs on their own.

First, when they transact among themselves, large players do not insist on an adequate amount of collateral, relying on the counterparty s generic creditworthiness (and on the implicit guarantees that governments provided to large firms).

It is the flow of credit that is important, and the reason that the failure of banks during the Great Depression was important is that they were involved in determining creditworthiness they were the repositories of information necessary for the maintenance of the flow of credit.

Trustworthiness

The Revolt of the Meritocrats

Financial viability

The financial crisis forced sovereign states to substitute their own credit for the credit that had collapsed, and in Europe each state had to do so on its own, calling into question the creditworthiness of European government bonds.

The Rise and Fall of Meritocracy

They anticipate revenue in order to appear creditworthy. They reclassify foreign borrowing as domestic debt in order to look better in the International Monetary Fund s statistics.

Two roads to sustained viability

Collateralized debt obligations (CDOs, mainly tied to mortgages) made a new population of aspiring homeowners supposedly creditworthy by enabling the originating banks to sell sub prime debt to other investors.

This way public credit registries and credit bureaux may be able to operate and provide adequate and up to date electronic credit information.

Likewise, if the perceived creditworthiness of the government is shaken, then intervention from some outside lender of last resort might be essential for either the second or third cure to work. But that, too, is not the situation today in the core economies of the North Atlantic.

A legal system that supports secured credit transactions is critical to reducing the perceived risks of credit transactions and promoting the availability of secured credit.

It means rule by those who have merit.

make employment decisions based on merit and provide a workplace that is free from discrimination and recognizes the diverse background of employees.

Meritocracy is at the core of American conservative beliefs.

As it happens, the Chinese Communist Party is becoming more meritocratic.

Meritocracy the word sounds nothing but good.

The new underclass is the other side of the meritocratic elite.

The Public Service has provisions to select appointees based on merit'.

When merit is measured by money, there is no ethical limit to the size of an individual s paycheck.

Merit and skills are how we give an intrinsic value to money.

For many, France has long been the epitome of meritocracy.

Meritocracy was Young s 1984.

They range from subdued bank lending to unusually high risk aversion, and from discredited credit vehicles to the withdrawal of some institutions from credit intermediation altogether.