Recent empirical evidence on the cross-country synchronization of credit spreads in response to US monetary policy … shocks has led to the notion of an ‘international credit channel' of US monetary policy. This paper provides novel evidence … on the existence of an international credit channel for the transmission of US financial shocks across borders, and …

the other hand, level of income and gender have no significant impact on repayment behaviour. Credit is good as it allows … attitude towards credit management and self-discipline can be encouraged to reduce loan default rates. …