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Does government-backed lending prevent unemployment? : an assessment of the Swiss COVID-19 lending program

Kaufmann, Daniel - 2020

This paper identifies the effect of variation in government-backed loan supply on unemployment exploiting regional …. This variation helps disentangling supply from demand effects. Higher loan supply reduces unemployment. Increasing the … between CHF 39,700 and CHF 52,400 per year. These costs are somewhat lower than unemployment benefits associated with the …

Persistent link: https://www.econbiz.de/10012268546

Determinants of household loans

Manole, Sorin Daniel; Petrescu, Corina; Vlada, Ramona Ioana - In: Theoretical and applied economics : GAER review 23 (2016) 4, pp. 89-102

Persistent link: https://www.econbiz.de/10011597594

Who Gets the Credit? And Does It Matter? Household vs. Firm Lending across Countries

Beck, Thorsten - 2009

While theory predicts different effects of household credit and enterprise credit on the economy, the empirical literature has mainly used aggregate measures of overall bank lending to the private sector. We construct a new dataset from 45 developed and developing countries, decomposing bank...

Persistent link: https://www.econbiz.de/10013159427

Two Extensive Margins of Credit and Loan-to-Value Policies

Gete, Pedro - 2017

We analyze a model of mortgage markets, housing tenure choice, heterogeneous agents, and default with closed form solutions. We uncover new insights which may inspire empirical work, and we ground already-established insights in a series of tractable expressions. Then we study optimal LTV...

Persistent link: https://www.econbiz.de/10012972322

Are Young Borrowers Bad Borrowers? Evidence from the Credit CARD Act of 2009

Debbaut, Peter - 2014

Young borrowers are the least experienced financially and, conventionally, thought to be most prone to financial problems. Our results challenge the notion that young borrowers are bad credit card users. We first show that the CARD Act of 2009 succeeded in its aim of reducing young borrowers'...

Persistent link: https://www.econbiz.de/10013063332

The Credit Card Act and consumer finance company lending

Elliehausen, Gregory E.; Hannon, Simona M. - 2017

The Credit Card Accountability and Disclosure Act (CARD Act) of 2009 restricted several risk management practices of credit card issuers. Using a quasi-experimental design with credit bureau data on consumer lending, we find evidence consistent with the hypothesis that the act's restrictions on...

Persistent link: https://www.econbiz.de/10011710086

Credit Access and Household Well-being : Evidence from Payday Lending

Lee, Jaeyoon - 2019

How does gaining access to expensive credit affect the well-being of credit-constrained households? I use plausibly exogenous zip code level variation in the temporal accessibility of payday loans to examine the causal effects of access to payday loans on household well-being. Using suicide...

Persistent link: https://www.econbiz.de/10012902317

Credit when you need it

Collier, Benjamin L.; Hartley, Daniel A.; Keys, Benjamin J. - 2024

We estimate the causal effect of emergency credit on households' finances after a negative shock. To do so, we link application data from the U.S. Federal Disaster Loan program, which provides loans to households that have uninsured damages from a federally-declared natural disaster, to a panel...

Persistent link: https://www.econbiz.de/10015053784

Does greater inequality lead to more household borrowing? : new evidence from household data

Coibion, Olivier; Gorodnichenko, Yuriy; Kudlyak, Marianna; … - 2014

One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome households. Using household level data on...

Persistent link: https://www.econbiz.de/10010238213

Did consumers want less debt? : consumer credit demand versus supply in the wake of the 2008 - 2009 financial crisis

Gropp, Reint; Krainer, John; Laderman, Elizabeth Stromberg - 2014

We explore the sources of household balance sheet adjustment following the collapse of the housing market in 2006. First, we use microdata from the Federal Reserve Board’s Senior Loan Officer Opinion Survey to document that banks cumulatively tightened consumer lending standards more in...

Persistent link: https://www.econbiz.de/10010252065

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