One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low …-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome … households. Using household level data on debt accumulation during 2001-2012, we show that low-income households in high …

Household credit, especially for mortgages, has doubled over the past years in the new European Union member countries …, raising concerns about the economic and social consequences of household indebtedness in the event of a macroeconomic crisis …. Using household survey data for 2005, 2006, and 2007 for both old and new European Union members, this paper assesses the …

socioeconomic characteristics, housing traits, country-specific constant terms, and household unobserved heterogeneity. We attribute … part of this asymmetry to cross-country differences in the expansion of credit markets, which facilitate differential … access to liquidity. Household's reported distress is also affected by excess indebtedness relative to the debt load of …

overdrafts – to finance business activities. Controlling for financial and non-financial household variables we show that self …

use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … between gambling and the use of credit is remarkably stable across household income. In addition to our household level …We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

This study sets out to examine the extent to which access to credit and credit rationing are influenced by the … microfinance type based on the major factors determining micro, small and medium enterprises' access to credit from microfinance …' credit and loan records consisting of borrowers and credit characteristics. Our results are puzzling and show that credit …

Agricultural credit is one of the most crucial inputs in all agricultural development programmes. Access of rural … credit has still remained scarce in India. Primary Agriculture Credit Societies (PACS) working at grass-root level, having … institution. The present study examines the recovery performance of rural credit given by PACS in six different regions of India …