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-- Ecologies of immateriality : remittances and the cashless / AllureIvan Small -- 'Cards are for showing off' : aesthetics of …, remittances, demonetization, and digitalization process replace coins and currencies around the world. Who's Cashing In? explores …
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The assumption that remittances are a substitute for credit has been an implicit or explicit theoretical foundation of … many empirical studies on remittances. This paper directly tests this assumption by comparing the response to health … to health shocks. This finding is consistent with the view that remittances respond to households' demand for financing …
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We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the calibrated model matches important quantitative...
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We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by durables whereas unsecured debt can be discharged in bankruptcy procedures. We show that the model matches the main quantitative characteristics of observed wealth and debt...
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