rights, we find that adoption of ARL increases the likelihood of BCC inclusion. Using credit default swap (CDS) trading as a …

Negative shocks to housing, most households’ largest consumption good, are expected to create strong credit demand to … smooth these shocks over time. We estimate and trace a credit demand curve for households who recently experienced a negative … price-sensitive, only a third would accept loans offered at the 30-year mortgage rate. We find a large impact of credit …

amount of collateral assets accepted, (ii) the level of leverage and (iii) the level of trust and confidence. As credit …We identify the origin of the contradicting perspectives on credit creation offered by Austrian, Mainstream and Post …-exist any transaction and loan. We develop a unified framework of credit creation based on three leading variables: (i) the …

credit, as well as discouraged borrowing. Our third set of results reports findings on personality traits and loan regret …