exchange. Money is important because of the relationship between money and credit. The process of judging credit worthiness, in … circumstances can have marked effects on the relevance of previously accumulated information and accordingly on the supply of credit …. Changes in the availability of credit may have marked effects on the level of economic activity, while changes in real …

This paper is a theoretical study into how credit constraints interact with aggregate economic activity over the … not only factors of production, but they also serve as collateral for loans. Borrowers' credit limits are affected by the … prices of the collateralized assets. And at the same time, these prices are affected by the size of the credit limits. The …

This paper isolates the causal impact of neighborhood environment on credit outcomes of low-income borrowers by … families vouchers to move to better neighborhoods via randomized lottery. We find higher credit scores and use among those …

being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … credit rationed and decreases loan size. Furthermore, we find that better judicial enforcement increases the probability of …

justification for this pattern based on adverse selection that entrepreneurs face in credit markets. Individuals choose between …-subsidization in the credit market equilibrium results in excessive (insufficient) entry of low-skilled (high-skilled) agents into …

The market for corporate credit is characterized by significant seasonal variation, both in interest rates and the …

among money, credit and nonfinancial economic activity. Data for the United States since World War II show that the volume … of outstanding credit is as closely related to economic activity as is the stock of money, and moreover that neither … money nor credit is sufficient to account fully for the effect of financial markets in determining real economic activity …

We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in … strategic responses that also change the allocation of lending across markets. More credit is generated per unit of savings in …

Standard economic theory says that unsecured, high-interest, short-term debt — such as borrowing via credit cards and … income shock of unemployment. Instead, individuals smooth their credit card debt and overdrafts by adjusting consumption. We … first use detailed longitudinal information on debit and credit card transactions, account balances, and credit lines from a …

the importance of equilibrium credit quality inference from borrowers' endogenous sign-up decisions. When data sharing …