Excessive household borrowing has been identified as an important determinant of financial crises. Borrower …-based instruments to be evaluated ex ante. The simulation is based on microdata from the German Panel on Household Finances (PHF) and is …-macro consistent simulation approach can be used to detect vulnerabilities in household balance sheets and perform an ex ante analysis …

A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … small banks are excluded. Overall, the evidence is compatible with the existence of a credit channel, although it is …

assumption of risk averse agents, this approach results in an informative bound on the average causal effect of HCPU. The …

the digital footprint match the information content of credit bureau scores. The digital footprint complements rather than … substitutes for credit bureau information and it affects access to credit and reduces default rates. We discuss the implications … for financial intermediaries' business models, for access to credit for the unbanked, and for the behavior of consumers …

in household credit standing. We identify important heterogeneity in the ability of monetary policy to stimulate …This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes … during the housing crisis. We use proprietary loan-level panel data matched to consumer credit records using borrowers …

. This paper uses household-level data from the 'experiment' of German reunification that (exogenously) offered to East …-unification participation of former East and West Germans in financial products, controlling for relevant household characteristics. We vary … familiarity differentials by considering (i) both unfamiliar 'capitalist' products (stocks, bonds, and consumer credit) and ones …

Household access to financial products is often conditioned on previous use. However, banning access when learning is …