Thursday, September 13, 2012

International Lending with Moral Hazard and Risk of Repudiation

Yesterday I presented the paper "International Lending with Moral Hazard and Risk of Repudiation" by Andrew Atkeson (1991 Econometrica) at the Berkeley Macroeconomics Lunch. My slides are here.

The paper presents a model to explain why countries sometimes face capital outflows when they suffer an adverse macroeconomic shock. With complete markets and perfect insurance, we wouldn't see such a situation. But in the model, the markets aren't complete. The borrower is a sovereign nation, and hence can repudiate the loan. Moreover, the lender cannot observe whether the borrower invests the loaned funds productively or uses them for consumption. The only way to incentivize the borrower to invest some of the funds in equilibrium is if insurance is incomplete, so that the borrower's future utility has some dependence on their investment choice. Thus, moral hazard imposes an insurance-incentives tradeoff.

While preparing for the presentation, I came across an interesting paper by Drelichman and Voth (2011) called "Lending to the Borrower from Hell: Debt and Default in the Age of Philip II.” Here's the abstract:

What sustained borrowing without third-party enforcement in the early days of sovereign lending? Philip II of Spain accumulated towering debts while stopping all payments to his lenders four times. How could the sovereign borrow much and default often? We argue that bankers’ ability to cut off Philip II’s access to smoothing services was key. A form of syndicated lending created cohesion among his Genoese bankers. As a result, lending moratoria were sustained through a ‘cheat-the-cheater’ mechanism. Our article thus lends empirical support to a recent literature that emphasises the role of bankers’ incentives for continued sovereign borrowing.

59 comments:


  1. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Email us:(perfectfinancialcredite@gmail.com
    Application Form:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....
    Email us(perfectfinancialcredite@gmail.com)

    ReplyDelete
    Replies
    1. URGENT LOAN OFFER WITH 3% INTEREST RATE APPLY TODAY.
      Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
      Email: aabidullahaameen62@gmail.com

      LOAN APPLICATION DETAILS.
      First Name:
      Last Name:
      Date Of Birth:
      Address:
      Sex:
      Phone No:
      City:
      Zip Code:
      State:
      Country:
      Nationality:
      Occupation:
      Monthly Income:
      Loan Amount:
      Loan Duration:
      Purpose of the loan:
      Email: aabidullahaameen62@gmail.com


      URGENT LOAN OFFER WITH 3% INTEREST RATE APPLY TODAY.
      Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
      Email: aabidullahaameen62@gmail.com

      LOAN APPLICATION DETAILS.
      First Name:
      Last Name:
      Date Of Birth:
      Address:
      Sex:
      Phone No:
      City:
      Zip Code:
      State:
      Country:
      Nationality:
      Occupation:
      Monthly Income:
      Loan Amount:
      Loan Duration:
      Purpose of the loan:
      Email: aabidullahaameen62@gmail.com

      Delete
    2. It's no longer doubt when it come to hacking Mills Dachin has proving more than expectations.
      We are hackers for Hire, try us we delivered 100%✓guarranted

      * Blank ATM card
      * All kind of loans
      *University Grade
      *Iclound
      *Criminal Records
      *Hack spouses phone etc.
      *Binary Recovery
      *BTC Mining
      * Cyber Scam recovery
      etc...!!!

      All you need do just Email:- pointekhack@gmail.com
      /hyperhackerone@gmail.com
      /phdatabasesolution@gmail.com

      Delete
    3. It's no longer doubt when it come to hacking Mills Dachin has proving more than expectations.
      We are hackers for Hire, try us we delivered 100%✓guarranted

      * Blank ATM card
      * All kind of loans
      *University Grade
      *Iclound
      *Criminal Records
      *Hack spouses phone etc.
      *Binary Recovery
      *BTC Mining
      * Cyber Scam recovery
      etc...!!!

      All you need do just Email:- pointekhack@gmail.com
      /hyperhackerone@gmail.com
      /phdatabasesolution@gmail.com

      Delete
    4. It's no longer doubt when it come to hacking Mills Dachin has proving more than expectations.
      We are hackers for Hire, try us we delivered 100%✓guarranted

      * Blank ATM card
      * All kind of loans
      *University Grade
      *Iclound
      *Criminal Records
      *Hack spouses phone etc.
      *Binary Recovery
      *BTC Mining
      * Cyber Scam recovery
      etc...!!!

      All you need do just Email:- pointekhack@gmail.com
      /hyperhackerone@gmail.com
      /phdatabasesolution@gmail.com

      Delete
  2. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius, call/whats-App Contact Number +918929509036 via email:(urgentloan22@gmail.com) Thank you.

    ReplyDelete
    Replies
    1. It's no longer doubt when it come to hacking Mills Dachin has proving more than expectations.
      We are hackers for Hire, try us we delivered 100%✓guarranted

      * Blank ATM card
      * All kind of loans
      *University Grade
      *Iclound
      *Criminal Records
      *Hack spouses phone etc.
      *Binary Recovery
      *BTC Mining
      * Cyber Scam recovery
      etc...!!!

      All you need do just Email:- pointekhack@gmail.com
      /hyperhackerone@gmail.com
      /phdatabasesolution@gmail.com

      Delete
  3. Do you need Finance?
    Are you looking for Finance?
    Are you looking for a money to enlarge your business?
    We help individuals and companies to obtain loan for business
    expanding and to setup a new business ranging any amount. Get a loan at affordable interest rate of 3%, Do you need this cash/loan for business and to clear your bills? Then send us an email now for more information contact us now via Email:maxcreditfinance@googlemail.com

    ReplyDelete
    Replies
    1. It's no longer doubt when it come to hacking Mills Dachin has proving more than expectations.
      We are hackers for Hire, try us we delivered 100%✓guarranted

      * Blank ATM card
      * All kind of loans
      *University Grade
      *Iclound
      *Criminal Records
      *Hack spouses phone etc.
      *Binary Recovery
      *BTC Mining
      * Cyber Scam recovery
      etc...!!!

      All you need do just Email:- pointekhack@gmail.com
      /hyperhackerone@gmail.com
      /phdatabasesolution@gmail.com

      Delete
  4. Do you need Finance?
    Are you looking for Finance?
    Are you looking for a money to enlarge your business?
    We help individuals and companies to obtain loan for business
    expanding and to setup a new business ranging any amount. Get a loan at affordable interest rate of 3%, Do you need this cash/loan for business and to clear your bills? Then send us an email now for more information contact us now via Email:maxcreditfinance@googlemail.com

    ReplyDelete
    Replies
    1. It's no longer doubt when it come to hacking Mills Dachin has proving more than expectations.
      We are hackers for Hire, try us we delivered 100%✓guarranted

      * Blank ATM card
      * All kind of loans
      *University Grade
      *Iclound
      *Criminal Records
      *Hack spouses phone etc.
      *Binary Recovery
      *BTC Mining
      * Cyber Scam recovery
      etc...!!!

      All you need do just Email:- pointekhack@gmail.com
      /hyperhackerone@gmail.com
      /phdatabasesolution@gmail.com

      Delete
  5. EMERGENCY LOAN OFFER APPLY

    We Offer all types of Finance Business Personal Cash
    Quick Cash Advance. Fast Credit Check. Cash Today.
    Fast Cash Online
    low interest rate as low as 2%
    Financial Cash Available Here
    Business Personal Cash
    Solve Your Financial Problems
    I'll advise All Cash seeker should contact us
    THERE IS NOTHING TO LOSE BUT YOUR DEBT AND FINANCIAL PROBLEMS !!!
    We Are Here To Show You A Better Way To Financial Freedom !!!
    Contact Us At : abdullahibrahimlender@gmail.com
    whatspp Number +918929490461
    Mr Abdullah Ibrahim

    ReplyDelete
    Replies
    1. It's no longer doubt when it come to hacking Mills Dachin has proving more than expectations.
      We are hackers for Hire, try us we delivered 100%✓guarranted

      * Blank ATM card
      * All kind of loans
      *University Grade
      *Iclound
      *Criminal Records
      *Hack spouses phone etc.
      *Binary Recovery
      *BTC Mining
      * Cyber Scam recovery
      etc...!!!

      All you need do just Email:- pointekhack@gmail.com
      /hyperhackerone@gmail.com
      /phdatabasesolution@gmail.com

      Delete

  6. Offer of financing to all persons or companies, who can respect its engagements, to relaunch these activities or to settle other worries fiancees. You have the possibility to make loans ranging from 5,000 to 10,000,000 €.Our availability to reach you is within a maximum of 48 hours after receipt of your application form.Please contact the email address for your requests. Email: clemalphafinance@gmail.com Whats App or call; +91-9818603391

    ReplyDelete
    Replies
    1. It's no longer doubt when it come to hacking Mills Dachin has proving more than expectations.
      We are hackers for Hire, try us we delivered 100%✓guarranted

      * Blank ATM card
      * All kind of loans
      *University Grade
      *Iclound
      *Criminal Records
      *Hack spouses phone etc.
      *Binary Recovery
      *BTC Mining
      * Cyber Scam recovery
      etc...!!!

      All you need do just Email:- pointekhack@gmail.com
      /hyperhackerone@gmail.com
      /phdatabasesolution@gmail.com

      Delete
  7. Do you need a loan to pay off your bills? Or for your Business if yes Email us opploansllc@gmail.com then fill this information to register your name in our data base.

    (1)Your Name:
    (2)Amount needed as loan:
    (3)Phone number:
    (4)Duration:
    (5) Male/Female:
    (6)Country

    Regards.

    ReplyDelete
  8. Esto es para informar al público que es necesario proporcionar asistencia financiera. Proporcionamos una tasa de interés del préstamo del 2% para individuos, empresas y corporaciones. contáctenos hoy por correo electrónico: esto es para informar al público. Proporcionamos una tasa de interés del préstamo del 2% para individuos, empresas y corporaciones. contáctenos hoy por correo electrónico: johnleemill12345@gmail.com

    ReplyDelete


  9. We provide personal loans for debt consolidation, bad credit loans, unsecured loans, loans for bad credit and instant secured loans with cheap rates Do you have a firm or company that need loan to start up a business or need, personal loan, Debt consolidation? We will
    provide you with loan to meet your needs.
    Note: We offer the following loans to individuals-
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Business Loans And many More:
    and many more at 2% interest rate. For more information contact us. Email: bullsindia187@gmail.com

    ReplyDelete


  10. We provide personal loans for debt consolidation, bad credit loans, unsecured loans, loans for bad credit and instant secured loans with cheap rates Do you have a firm or company that need loan to start up a business or need, personal loan, Debt consolidation? We will
    provide you with loan to meet your needs.
    Note: We offer the following loans to individuals-
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Business Loans And many More:
    and many more at 2% interest rate. For more information contact us. Email: bullsindia187@gmail.com

    ReplyDelete


  11. We provide personal loans for debt consolidation, bad credit loans, unsecured loans, loans for bad credit and instant secured loans with cheap rates Do you have a firm or company that need loan to start up a business or need, personal loan, Debt consolidation? We will
    provide you with loan to meet your needs.
    Note: We offer the following loans to individuals-
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Business Loans And many More:
    and many more at 2% interest rate. For more information contact us. Email: bullsindia187@gmail.com

    ReplyDelete
  12. Do you need a Loan?
    Are you looking for Finance?
    Are you looking for a Loan to enlarge your business?
    I think you have come to the right place.
    We offer Loans atlow interest rate.
    Interested people should please contact us on
    For immediate response to your application, Kindly
    Do you need an urgent loan at 3% APPLY:
    Whats App +91-8546023893
    clemalphafinance@gmail.com

    ReplyDelete
  13. Need a Debt Loan To Pay Off Bills?
    Take control of your debt today
    Available Now Business Expansion Loan Offer?
    Do you need a loan to pay off Bills?
    Do you need a loan?
    Do you need Personal Loan?
    Business Expansion Loan?
    Business Start-up, Education,
    Debt Consolidation Loan
    Hard Money Loans
    Loan for any thing ?
    We offer loan at low interest rate of 3%
    Loan with no credit check,
    Email us: abubakarloanservice@gmail.com
    Whats App +91-9818603391

    ReplyDelete
  14. Are You In Need Of A Private Or Business Loans At 2% Rate For Various Purposes? If Yes; Contact us: opploansllc@gmail.com

    ReplyDelete
  15. LOAN OFFER URGENT FOR ALL CLEAR YOUR DEBT CONTACT US FOR A LOAN NOW
    If you’re looking for easy cash to make ends meet, GT Credit Personal Loans is a convenient option for you. GT Credit’s Personal Loan services can grant you the timely cash you need to provide for your immediate needs and prepare you for unplanned expenses. Whether it is for your car upgrade, purchase of electronic gadgets, tuition or medical bills, GT Credit can provide you with quick personal loans and financial assistance.
    Personal loans
    Business loans
    Monthly loans
    Foreigner loans
    Bridging loans
    Unsecured loans
    Secure loans
    Free feel to visit us at:
    EMAIL: bullsindia187@gmail.com

    ReplyDelete
  16. LOAN OFFER URGENT FOR ALL CLEAR YOUR DEBT CONTACT US FOR A LOAN NOW
    If you’re looking for easy cash to make ends meet, GT Credit Personal Loans is a convenient option for you. GT Credit’s Personal Loan services can grant you the timely cash you need to provide for your immediate needs and prepare you for unplanned expenses. Whether it is for your car upgrade, purchase of electronic gadgets, tuition or medical bills, GT Credit can provide you with quick personal loans and financial assistance.
    Personal loans
    Business loans
    Monthly loans
    Foreigner loans
    Bridging loans
    Unsecured loans
    Secure loans
    Free feel to visit us at:
    EMAIL: bullsindia187@gmail.com

    ReplyDelete
  17. Good Day

    Do you need a quick long or short term loan with a relatively low interest rate as low as 3%? We offer business loan, personal loan, home loan, auto loan, student loan, debt consolidation loan e.t.c. no matter your credit score. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and transferred to the borrower within the shortest time possible. We encourage you to contact us and learn more about the loans service we offered. If you have any questions or want more information about our company, please do not hesitate to contact us: indiabulls247@gmail.com Calling/Whats App +918448148272
    Mr. Osman Ibrahim

    FILL AND RETURN.
    Name: ===
    Amount needed: ===
    Duration: ==
    Country: ==
    Purpose: ===
    Mobile phone number: ==

    EMAIL US NOW AT: indiabulls247@gmail.com

    ReplyDelete
  18. Hello:
    Need urgent loan to solve your financial needs, we offer reliable loan at an interest rate applicable to all loans is (3%), if you are interested contact us via (honestloan10@gmail.com) with the information below
    Your full name: _____
    Country: _____
    City: _____
    Address: _____
    Amount Needed: _____
    duration: _____
    Loan Purpose: _____
    Monthly income: _____
    Age: _____
    Sex: _____
    Occupation: _____
    Telephone number: _____
    Thanks.
    Mr Frank Rogers

    ReplyDelete
  19. Business and personnel Loans,Loans ranging from 5,000-$100,000,000.Our passion is helping es in need.Interest Rates 3%. clemalphafinance@gmail.com Whats-app us on: +91-9818603391 Mr.Clem Alpha

    ReplyDelete

  20. We provide personal loans for debt consolidation, bad credit loans, unsecured loans, loans for bad credit and instant secured loans with cheap rates Do you have a firm or company that need loan to start up a business or need, personal loan, Debt consolidation?We offer the following loans to individuals-
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Business Loans And many More:
    and many more at 3% interest rate. For more
    Email:abdullahonlinefinance@gmail.com

    ReplyDelete
  21. Avail personal finance Loans at attractive interest rates of 2% per annul to 2% per annul. All you have to do is fill in a few details here and get to see the eligibility, applicable personal finance interest rates and your approximate EMI within a few seconds Keeping your best interest in mind, we recommend you to go for a personal finance amount that you actually need and not more than that. This way, repayments will not be a hassle and you can pay your finances without any delay or late payment fees.let us talk now bullsindia187@gmail.com

    ReplyDelete
  22. Avail personal finance Loans at attractive interest rates of 2% per annul to 2% per annul. All you have to do is fill in a few details here and get to see the eligibility, applicable personal finance interest rates and your approximate EMI within a few seconds Keeping your best interest in mind, we recommend you to go for a personal finance amount that you actually need and not more than that. This way, repayments will not be a hassle and you can pay your finances without any delay or late payment fees.let us talk now bullsindia187@gmail.com

    ReplyDelete
  23. If i donate (15.5) Fifteen Million five Hundred Thousand United States Dollars to you, will you be able to utilize it wisely to achieve my heart desire of supporting poor people around you? Contact via email: (lisaarts162@gmail.com) for more information. Mrs. Lisa Arts

    ReplyDelete
  24. Hello Everybody,
    My name is Ahmad Asnul Brunei, I contacted Mr. Alpha Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr. Alpha Loan Firm via Email call or add us on what's app+91-9818603391 Contact Us At : clemalphafinance@gmail.com

    ReplyDelete
  25. Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
    *Commercial finance
    *Personal finance
    *Business finance
    *Construction finance
    *Business finance And many More:
    and many more at 2% interest rate;
    Contact Us Via Email:Standerloanfirm@mail2fun.com Or Whatsapp me on +919818473167

    ReplyDelete
  26. Are you searching for a very genuine loan at an affordable interest rate of 2% process and approved within 4 working days? Have you been turned down Constantly by your Banks and other financial institutions because of bad credit? Loans ranging from $5000 USD to $20, 000, 000 USD maximum LOANS for Developing business a competitive edge / business expansion. We are certified, trustworthy, reliable, efficient, Fast and dynamic for real estate and any kinds of business financing. Contact us for more details and information.
    Thanks & Regard
    Contact us now via E-mail: (excelsiorfunds5@gmail.com)

    ReplyDelete
  27. Are you searching for a very genuine loan at an affordable interest rate of 2% process and approved within 4 working days? Have you been turned down Constantly by your Banks and other financial institutions because of bad credit? Loans ranging from $5000 USD to $20, 000, 000 USD maximum LOANS for Developing business a competitive edge / business expansion. We are certified, trustworthy, reliable, efficient, Fast and dynamic for real estate and any kinds of business financing. Contact us for more details and information.
    Thanks & Regard
    Contact us now via E-mail: (excelsiorfunds5@gmail.com)

    ReplyDelete
  28. Crédit offre de Prêt (proposition)

    Si vous avez besoin d'un prêt pour améliorer votre mode de vie suite à cette pandémie de COVID-19 qui continue de faire des ravages dans le monde entier. Nous proposons des prêts allant de 5000 à 15 millions d’Euros aux taux d’intérêt de 2%. Nous répondre pour plus d’informations.


    stephanetang.fr@gmail.com

    ReplyDelete

  29. We Have Loan Programs Tailored For Any Profile And You've Come To The Right Place To Satisfy Your Business Needs. If Your Company Or You Know Of Any Company With Viable Projects / Proposals That Needs Financing, Kindly Write Us With The Loan Requirement. Please, Contact Us For More Information: inforamzanloan@gmail.com

    Do You Need A Loan To Consolidate Your Debt At 3.0%? Or A Personal Loans * Business Loans etc. Interested Parties Should Contact Us For More Information Through Via E-mail: inforamzanloan@gmail.com

    ReplyDelete
  30. We offer the following types of loans:
    Loan against Property
    Commercial Loans
    Investment Loans
    Development Loans
    Construction Loans
    Business Loans
    Personal Loans
    Quick Loans
    Home Loans
    kindly contact us our email at:abdullahonlinefinance@gmail.com

    ReplyDelete
  31. FOR QUICK, AFFORDABLE AND RELIABLE BUSINESS/HOME/REAL ESTATES/COMPANY/PROJECT/PERSONAL LOAN OFFER WITHOUT COST/STRESS CONTACT US TODAY VIA Call/Text +1(415)630-7138 Email drbenjaminfinance@gmail.com

    We are authorized financial consultants providing reliable loans to individuals and funding for business, home, personal and projects start up. Are you tired of seeking loans or are you in any financial mess. Do you have a low credit score, and you will find it difficult to get loans from banks and other financial institutions? then worry no more for we are the solution to your financial misfortune. we offer all types of loan ranging from $5,000.00 to $533,000,000.00USD with a low interest rate of 2% and loan duration of 1 to 35 years to pay back the loan secure and unsecured. Are you losing sleep at nights worrying how to get a Legit Loan Lender? If Yes worry no more for we are out here to help the less financial privileges get the loan they need to get back on their feet no matter your credit score, you can say goodbye to all your financial crisis and difficulties. Contact us on the following Call/Text +1(415)630-7138 Email drbenjaminfinance@gmail.com

    Do you have an unfinished project due to poor funding? Do you need money to invest in any specialty that will benefit you? BENJAMIN LOAN INVESTMENTS FINANCE aims is to provide excellent professional financial services which include the followings
    *1* Personal loan
    *2* Business loan
    *3* Home loan
    *4* Farm Loan
    *5* Education loan
    *6* Debt consolidation loan
    *7* Truck Loan
    *8* Car Loan
    *9* Eviction Loan
    *10* Equipment Loan
    *11* Hotels Loan
    *12* Refinancing Loan and many more

    NOTE: GET YOUR INSTANT LOAN APPROVAL 100% GUARANTEED TODAY NO MATTER YOUR CREDIT SCORE. drbenjaminfinance@gmail.com

    ReplyDelete
  32. HAVE YOU LOST YOUR MONEY TO BINARY SCAMMERS OR ANY ONLINE SCAM WHATSOEVER?, HAVE YOU BEEN IN SEARCH FOR GENUINE HACKER'S ONLINE?. WELL, YOU HAVE FOUND REDEMPTION IN ASORE CORP.

    Asore Corp is a Russian based group of multinational Hacker's, an affiliate of Evil Corp. We have mutual interests obliged to fight online scam and scammers in general. In doing this, we make sure by all means necessary that our clients get the best of services on a��PAYMENT AFTER JOB IS DONE BASIS✔️. This means we accept workmanship fee after your job is done. 

    ⚠️ BEWARE OF FRAUDSTARS
    if you have been a VICTIM, contact us via:
    ✅ mercurycrimewatch@gmail
    Amongst others, services we offer are listed ��as follows :
    Bank accounts loading ✔️
    Social media hack, (Facebook, Instagram, snapchat etc)✔️
    Credit card top up,✔️
    Credit card dept clearing.✔️
    Database hack,✔️
    Money transfer,✔️
    Verified Paypal Accounts hack,✔️
    E mail hack,✔️
    College score upgrade ,✔️
    Android & iPhone Hack✔️
    BinaryOption funds recovery. ✔️
    ��Also,
    WEBSITE HACK✔️
    CLEARING CRIMINAL RECORDS ✔️
    COLLEGE GRADE UPGRADE ✔️
    HACKED ACCOUNT RESOLUTION✔️
    STOLEN BITCOIN$✔️
    PHISHING OF BITCOIN ACCOUNT✔️
    LOGIN ERROS✔️
    SCAM DURING BITCOIN TRADINGS✔️
    Waste no further time. 
    CONTACT:
    ��asorehackcorp@gmail.com
    cryptocoinintel@gmail.com

    ©️2020 Asore Corp®️
    All rights reserved

    ReplyDelete
  33. DO YOU NEED A LOAN?
    We give out loans with an affordable interest rate of 3%
    Captain One provide Excellent and Professional Financial Services and we are known and genuine money lenders across the globe
    Our services include the following:
    *Student Loans
    Our services include the following;
    Truck Loan
    Personal Loan
    Debt consolidation loan
    Car Loans
    Business Loan
    Student Loan
    Mortgage Loan
    Refinancing Loan
    Home Loan
    Improvement loan
    Construction Loan
    Please write back if interested with our interest rate:Kindly contact us via:abdullahonlinefinance@gmail.com

    ReplyDelete
  34. DO YOU NEED A LOAN?
    We give out loans with an affordable interest rate of 3%
    Captain One provide Excellent and Professional Financial Services and we are known and genuine money lenders across the globe
    Our services include the following:
    *Student Loans
    Truck Loan
    Personal Loan
    Debt consolidation loan
    Car Loans
    Business Loan
    Student Loan
    Mortgage Loan
    Refinancing Loan
    Home Loan
    Improvement loan
    Construction Loan
    Please write back if interested with our interest rate:Kindly contact us via:abdullahonlinefinance@gmail.com

    ReplyDelete
  35. Hello Everybody,
    My name is Ahmad Asnul Brunei, I contacted Mr. Alpha Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr. Alpha Loan Firm via Email call or add us on what's app+91-9818603391 Contact Us At : clemalphafinance@gmail.com

    ReplyDelete
  36. Emergency Cash Loans
    Hello Everybody,
    My name is Mrs. Phyllis Sue South. I live in UK
    London and i am a happy woman today? and i
    told my self that any lender that rescue my
    family from our poor situation, i will refer
    any person that is looking for loan to him,
    he gave me happiness to me and my family, i
    was in need of a loan of $250,000.00 to
    start my life all over as i am a single
    mother with 3 kids I met this honest and GOD
    fearing man loan lender that help me with a
    loan of $250,000.00 U.S. Dollar, he is a GOD
    fearing woman, if you are in need of loan and
    you will pay back the loan please contact
    him tell him that is Mrs. Phyllis Sue South that
    refer you to him. contact Mrs. Anthony Mitchell
    via email: (directaxisforyourloan@gmail.com)

    ReplyDelete
  37. Are you in financial crisis, looking for money to start your own business or to pay your bills? I got mine from Mike Fisher. My blank ATM card can withdraw $2,000 daily. I got it from Her last week and now I have $14,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for me and my family to live on .*email: int.hackers002@gmail.com

    ReplyDelete
  38. We offer personal Business loans services around the world. We strive to provide high quality service and high customer satisfaction, while possible financial services. We pride ourselves on our commitment to our customers; We can give you personal loans, auto loans, business / investment loans, short term loans. You can contact us for an affordable loan now at 2% interest rate. Contact us now via E-mail: abdullahibrahimlender@gmail.com
    WhatsApp Number +918929490461
    Mr Abdullah Ibrahim

    ReplyDelete
  39. Are you in need of a loan?
    Do you want to pay off your bills?
    Do you want to be financially stable?
    All you have to do is to contact us for
    more information on how to get
    started and get the loan you desire.
    This offer is open to all that will be
    able to repay back in due time.
    Note-that repayment time frame is negotiable
    and at interest rate of 2% just email us:
    reply to us (Whats App) number: +919394133968
    patialalegitimate515@gmail.com
    Mr Jeffery

    ReplyDelete
  40. Do you need personal loan?
    Loan for your home improvements,
    Mortgage loan,
    Debt consolidation loan,
    Commercial loan,
    Education loan,
    Car loan,
    Loan for assets.
    financialserviceoffer876@gmail.com WhatsApp +918929509036

    ReplyDelete
  41. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
    We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
    of taking up time bound transactions.
    FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%
    FOR PURCHASE OF FRESH CUT BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    PRICE = 32%+2%
    Our BG/SBLC Financing can help you get your project funded,
    loan financing by providing you with yearly.
    RWA ready to close leasing with any interested client in few banking days
    I will be glad to share with you our working procedures.
    Name : Thomas Wolfgang
    Email : inquiry.fastfunding@gmail.com
    Skype : inquiry.fastfunding@gmail.com

    ReplyDelete
  42. Great content indeed. I see the greatest contents on your blog and I extremely love reading them. 야한동영상

    Also feel free to visit may webpage check this link
    야설

    ReplyDelete
  43. Excellent Blog! I would like to thank for the efforts you have made in writing this post. I am hoping the same best work from you in the future as well. 일본야동

    Also feel free to visit may webpage check this link
    한국야동

    ReplyDelete
  44. It’s really a nice and useful piece of information. I’m glad that you shared this helpful info with us. Please keep us up to date like this. Thanks for sharing. 한국야동닷컴

    Also feel free to visit may webpage check this link
    국산야동

    ReplyDelete
  45. This is an excellent post I seen thanks to share it. It is really what I wanted to see hope in future you will continue for sharing such a excellent post 국산야동

    Also feel free to visit may webpage check this link
    야설

    ReplyDelete
  46. Everyone has something in their mind, so am I. Let’s share out thoughts and hang out sometimes. Reach me at my site. 중국야동넷

    Also feel free to visit may webpage check this link
    야설

    ReplyDelete
  47. International lending involving moral hazard and the risk of repudiation necessitates a delicate balance between promoting economic development and ensuring responsible borrowing behavior. Striking the right equilibrium demands sound regulatory frameworks and transparency to mitigate moral hazard while also fostering an environment of trust to mitigate the risk of repudiation. For ecommerce website development company in delhi Visit:- https://www.artattackk.com/




    ReplyDelete

Comments appreciated!