of a Dutch household survey on the European Central Bank’s transparency. To benefit from higher trans- parency …

with formal savings practices, we find a significantly negative effect of saving within the household on the likelihood of …

While theory predicts different effects of household credit and enterprise credit on the economy, the empirical … growth whereas household credit has no effect; 2) enterprise credit reduces income inequality whereas household credit has no … effect; and 3) household credit is negatively associated with excess consumption sensitivity, while there is no relationship …

risk hazard regressions on the outcomes of the loans. We show that when the expected unemployment risk of households … selection that can worsen the risk characteristics of new lending, and suggests another avenue by which the precautionary demand …

model with heterogeneous entrepreneurs, imperfect credit markets and the risk of theft to account for this empirical pattern … transaction costs. The interaction between risk of theft and limited access to trade credit generates demand for mobile money as a …

a general-form model with endogenous bank risk profiles. Policy rates affect both bank incentives to search for yield … shocks, cuts are deeper but shorter-lived than otherwise. Keeping cuts short is crucial as bank risk responds primarily to …

, we show that failure to cut interest rates during a crisis erodes financial stability by increasing the risk of bank runs. …