Standard economic theory says that unsecured, high-interest, short-term debt -- such as borrowing via credit cards and … transitory income shock of unemployment. Instead, individuals smooth their credit card debt and overdrafts by adjusting … consumption. We first use detailed longitudinal information on debit and credit card transactions, account balances, and credit …

It has been argued that since 2014, under the BJP-led central government, welfare benefits in India have become better …

model, we argue these results provide credible evidence of the presence of clientelism rather than programmatic politics …

We study how the macroeconomic dynamics following credit cycles vary with business bankruptcy institutions. Using data … on bankruptcy efficiency and business credit around the world, we document that business credit booms are followed by … contrary, in settings with well functioning business bankruptcy, the aftermath of credit booms is characterized by moderate …

We examine the potential of asset-collateralized loans in low-income country credit markets. When a Kenyan dairy …