We study an Agent-based model of household-bank relationships where households borrow for the purpose of consumption …

and household welfare. We estimate Euler equations and measure the volatility of unpredictable changes in consumption as …, and document that despite the increase in household debt between 1983 and 2007, there was no decline in the proportion of …

an innovative approach to identifying households likely in need of credit to investigate the effect on household spending …

household credit is related to foreign bank ownership. In countries with higher foreign bank presence we find a stronger … relation between household income, education and employment status and the use of credit cards and mortgages. Our findings are …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …