Are consumers who have filed for personal bankruptcy before excluded from the unsecured credit market? Using a unique … data set of credit card mailings, we directly explore the supply of unsecured credit to consumers with the most conspicuous … without a bankruptcy history, with higher interest rates, lower credit limits, a greater likelihood of having an annual fee …

Economist disagree whether the recent increase in credit card debt has been detrimental to U.S. household. However … significant increase in both the level of credit card debt and it growth from 1992 to 2001 was due to convenience use. …, many rely on a measure of revolving credit published by the Federal Reserve, which captures transactions in which a credit …

We study the role an illiquid durable consumption good plays in determining the level of precautionary savings and the … are not adjusted in response to changes in income, increasing, on average, the volatility of non-durable consumption. The … volatility of total consumption is then a function of the share of the durable good in the utility function and the width of the …

This paper is a general discussion of debt conversions in heavily indebted developing countries. The paper first … describes the three different types of transactions that are commonly called debt conversions. Next the paper discusses programs … the different ways in which commercial banks can participate in these transactions and the volume of these transactions to …

spending. In this paper, I summarize some of the relevant facts concerning the growth of consumer credit and the household debt …Household debt is at a record high relative to disposable income. Some analysts are concerned that this unprecedented … level of debt might pose a risk to the financial health of American households and ultimately lead them to curtail their …