The history of lending and factors that can affect lending but are difficult to measure

Absztrakt

I set two goals when preparing this study. First, I wanted to examine the historical processes characteristic of lending, how people in different historical periods viewed borrowing, and what was characteristic of this area. I conducted a historical review from Hammurabi to the present day, focusing on events that I considered important. I then examined the factors that can be linked to lending and loan defaults, but which are difficult to measure and for which there is no generally accepted method. Within this area, I focused on financial culture, inclusion, and resilience, drawing on OECD research in this field. Overall, I concluded that these factors play an important role and that it may be advisable to take some of them into account in lending and credit assessment.