use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … between gambling and the use of credit is remarkably stable across household income. In addition to our household level …

This paper examines a much overlooked link between credit markets and formalization: since access to bank credit … bank credit is more widely available at lower cost; if so, well-functioning credit markets help foster formal employment at … the expense of informal jobs. We gauge the relevance of this credit channel using the Rajan-Zingales measure of financial …

We document that trust in public institutions and particularly trust in banks, business and government has declined …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections …. This paper shows that labor and credit market imperfections interact in a complementary way - which may explain why … develop this idea, we build a search model that treats credit and labor market imperfections in a symmetrical way. We …

insurance policies might be failing to cover those borrowers most in need; ii) the existence of credit market imperfections, and …

We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In …

-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We … exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …