Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry … the covariance of income and loan repayments may explain higher household borrowings than in the case without default … that in a situation in which a household without default option would neither borrow nor save, the existence of a default …

unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets …. These results highlight how the heterogeneity in contract design and household wealth affects the monetary policy pass-through …

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

market participation when the home equity is below the exemption, but the result is not robust, and households at higher risk …

the Singapore Life Panel survey to measure financial literacy to study its relationship with three aspects of household … financial and investment behaviors: credit card debt repayment, stock market participation, and adherence to age … and inflation, but fewer know about risk diversification. We provide evidence of a statistically significant positive …

portfolios, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the … heterogeneity in household finances implies that responses of consumption to changes in the real interest rate and in house prices …

, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …

, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …