transparency and its relevance by analyzing data of a Dutch household survey on the European Central Bank's transparency. A …

respect. We show that, on average, consumers responsible for the financial decision making within a household find the debit … card more useful for monitoring their household finances than cash. Individuals differ in major respects, however. In …

brief is crucial as bank risk responds primarily to rates that are kept "too low for too long". Within this shorter time …

burden of the banking sector is modest. We model a regulator whose trade-off between bank risk and credit supply is derived …This paper shows that a rate hike has countervailing effects on banks' risk appetite. It reduces risk when the debt … policy. In a dynamic setting, not internalizing bank risk leads a monetary authority to keep rates low for too long after a …

bargain about loan conditions. To reduce credit risk uncertainty, banks can engage in costly peer monitoring of counterparties … particular, peer monitoring and credit risk uncertainty are key factors in the formation of stable interbank lending …. Shocks to credit risk uncertainty can lead to extended periods of low market activity, amplified by a reduction in peer …

depend on funding costs or default risk in a debit-card only world, this changes when they start to compete with credit cards …We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these … overdrafts are associated with current accounts and debit cards, and larger credit lines with 'grace' periods are associated with …

The model of Stiglitz and Weiss ( American Economic Review , 1981, 71(3)) is the seminal analytical work on credit …