, formal lines of credit. The credit constraints affected mainly smaller, riskier (by internal loan ratings), and shorter … evidence suggests that credit lines provided only contingent and partial insurance during the crisis since bank conditions … appeared to influence credit line utilization in the short term. It provides a new explanation as to why credit lines are not …

America’s small businesses have adopted credit cards as both a payment method and a borrowing vehicle. The segment also … with respect to credit cards. To obtain an update on these issues, the Payment Cards Center hosted a workshop facilitated … supply and demand conditions for small business credit cards. In addition to these positive post-recession observations …

-insure against the risk of not being able to use credit in some transactions. The authors consider a (nonlinear) monetary mechanism …The authors investigate the extent to which monetary policy can enhance the functioning of the private credit system …. Specifically, they characterize the optimal return on money in the presence of credit arrangements. There is a dual role for credit …

The author studies the terms of credit in a competitive market in which sellers (lenders) are willing to repeatedly … finance the purchases of buyers (borrowers) by engaging in a credit relationship. The key frictions are: (i) the lender is … is costly for the lender to contact a borrower and to walk away from a contract; and (iv) transactions within each credit …

performance of each credit account directly. The paper has four main findings. First, despite speedy recovery in their risk scores …This paper uses a unique data set to shed new light on the credit availability and credit performance of consumer … observe changes in credit demand and supply explicitly, to differentiate existing and new credit accounts, and to observe the …

We develop an empirical framework for the credit risk analysis of a generic portfolio of revolving credit accounts and … significant economic stress conditions. We consider a traditional framework for the analysis of credit risk where the probability … to be large. These findings are of particular relevance for the analysis of credit risk regulatory capital under the IRB …

This paper examines the different effects of macroprudential policy and monetary policy on credit and inflation using a … simple New Keynesian model with credit. In this model, macroprudential policy is effective in stabilizing credit but has a … instrument to stabilize credit. The determinacy of the model requires the interest rate’s response to inflation to be greater …

Using a segmented market model that includes state-dependent asset market decisions along with access to credit, we … analyze the impact that transactions credit has on interest rates and prices. We find that the availability of credit …

In the data, most consumer defaults on unsecured credit are informal and the lending industry devotes significant … resources to debt collection. We develop a new theory of credit card lending that takes these two features into account. The two …. We show that the model gives rise to a novel channel through which IT progress can affect outcomes in the credit markets …

The author studies the terms of credit in a competitive market in which sellers are willing to repeatedly finance the … purchases of buyers by extending direct credit. Lenders (sellers) can commit to deliver any long-term credit contract that does … contract. A borrower's ability to repay a loan is privately observable. As a result, the terms of credit within an enduring …