How does the large market for credit score improvement products affect consumers and market efficiency? For consumers …, we use a randomized encouragement design on a standard credit builder loan (CBL) and find null average effects on scores … credit activity. CBLs induce delinquency on pre-existing loan obligations, suggesting that even a seemingly modest additional …

discounted more heavily by lenders, compared to firms which have credit histories (but are otherwise identical), and that this … reputation effect in debt prices is confirmed: the debt of new banks is discounted more heavily than banks with credit histories …

-09, divided into three groups: interest rate policy, quantitative policy, and credit policy. To interpret interest rate policy, it … credit policy, the paper presents a new model of capital market imperfections with different financial institutions and a … role for securitization, leveraging, and mark-to-market accounting. The model suggests that providing credit to traders in …

first examine the impact of economic policy uncertainty on aggregate bank credit growth. Then we analyze commercial bank … macroeconomic controls, economic policy uncertainty affected bank level credit growth, and (ii) whether there is variation in the … on bank credit growth. Since this impact varies meaningfully with some bank characteristics – particularly the overall …

We study the business cycle consequences of credit supply expansion in the U.S. The 1980's credit boom resulted in … stronger credit expansion in more deregulated states, and these states experience a more amplified business cycle. A new test … greater exposure to credit expansion experience larger increases in household debt, the relative price of non-tradable goods …