"This paper characterizes the labor supply and borrowing of a household facing collateral requirements that limit its … debt and compel it to accumulate equity in its durable goods stock. The household's discount rate exceeds the market rate … constraints generate a positive comovement between the household's debt, the stock of durable goods and labor supply following …

payment, credit cards, debit cards, stored value, and e-cash. The paper surveys the literature; reports on the results of … primary factors that explain consumer electronic banking usage: (1) household wealth, (2) personal preferences (e …

This paper empirically examines the benefits of relationship banking to banks, in the context of consumer credit … its credit card customers, we estimate the effects of relationship banking on the customers' default, attrition, and … savings balances, helps predict and thus monitor the behavior of the credit card account over time. These results imply …

Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical … importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology derived … hazard effects on repayment, and thereby generates unique evidence on the existence and magnitudes of specific credit market …