credit view literature. The model postulates complete quantity crowding out. It is subjected to empirical tests, which were …

We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax … rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized … their credit card payments and thereby paying down debt. But soon afterwards their spending increased, counter to the …

We analyze the differential impact of domestic and foreign monetary policy on the local supply of bank credit in … lower domestic interest rate expands the supply of credit in the domestic but not in the foreign currency. A lower foreign …

such mistakes are in practice. The bank offered consumers a choice between two credit card contracts, one with an annual …

largely persists even after augmenting the nonlinear model with a measure of credit supply conditions, of the monetary policy …

such mistakes are in practice. The bank offered consumers a choice between two credit card contracts, one with an annual …

This paper deals with the proposed use of sovereign credit ratings in the Basel Accord on Capital Adequacy (Basel II … the planned revisions on the two central aspects of international bank credit flows: the impact on capital costs and the … volatility of credit supply across the risk spectrum of borrowers. The empirical findings cast doubt on the usefulness of credit …

Credit rating changes for long-term foreign currency debt may act as a wake-up call with up-grades and downgrades in …-country contagious rating effects of credit rating agencies sovereign risk assessments. In particular, the specific impact of sovereign …

credit rating agencies evaluation of sovereign risk in emerging markets lending. This study analyzes the role of credit … rating agencies in international financial markets, particularly whether sovereign credit ratings have an impact on the … financial stability in emerging market economies. The event study and panel regression results indicate that credit rating …