(namely, from Cyprus and British Virgin Islands) across Russia and compare them with the benchmark group of genuine foreign …

Cyprus, Greece, Ireland, Portugal and Spain, ranging from roughly 0.5% (Ireland) to 43% (Greece) of 2011 output during the …

. Total external debt (public and private) and domestic credit are also included through 2013. This combination gives a broad …

In many countries, bankruptcy is associated with low recovery by creditors. We develop a model of corporate credit … markets in such an environment. Corporate credit is provided by either a bond market or risk-averse banks. Restructuring of …

We document cross-individual variation in U.S. credit card borrowing costs (APRs) that is large enough to explain … explain APR differences comparable to moving someone from the worst credit score decile to the best …

We study a dynamic economy where credit is limited by insufficient collateral and, as a result, investment and output … are too low. In this environment, changes in investor sentiment or market expectations can give rise to credit bubbles …, that is, expansions in credit that are backed not by expectations of future profits (i.e. fundamental collateral), but …