This paper investigates the impact of uncertainty on consumer credit outcomes. We develop a local measure of economic … uncertainty capturing county-level labor market shocks. We then exploit microeconomic data on mortgages and credit-card balances … in response to changes in uncertainty. Among high-risk borrowers or areas with more high-risk borrowers, increased …

We estimate the causal effect of emergency credit on households' finances after a negative shock. To do so, we link … a federally-declared natural disaster, to a panel of credit records before and after the shock. We exploit a … approved. Using an instrumented difference-in-differences research design, we find that credit provision at the time of a shock …

strengthening of systemic risk assessment and macroprudential policies of the household sector. Other policies include improving the …High household indebtedness could constrain future consumption growth and increase financial stability risks. This … paper uses household survey data to analyze both macroeconomic and finanical stability risks from the rapidly rising …

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 …

This study examines the differences in household financial risk tolerance across the Eurozone countries and over time …. Using the HFCS data, household subjective financial risk tolerance, stock ownership, and mutual fund ownership are all found … risk tolerance. In a strictly balanced German PHF, the changes in household's willingness to take financial risk over time …

change on household credit risk, we conducted CAWI interviews with 1,006 borrowers residing in different Polish voivodeships …This paper aims to assess the level of credit risk (from the perspective of default risk) among Polish households …' credit risk and exposes banks to losses. However, we find that households underestimate the credit risk that could arise from …

attitudes toward credit may influence individuals' debt financing decisions. This paper investigates the importance of these … factors by analysing the results of an original survey about the recourse to consumer credit, conducted on a wide sample of … recourse to consumer credit? Are there any differences in psychological profiles of credit users and non-users that can be …