find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …

. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings … illuminate competition and pricing frictions in the large, yet largely unstudied, small-dollar loan market. -- Payday credit …

to a public credit registry affects their loan take-up and repayment decisions. We show that credit warnings increase … loan take-up rates. Reducing incumbent lenders' informational rents and improving access to informal or formal credit are … the main drivers. Moreover, credit warnings reduce default rates by 32–52%. This reduction is comparable for borrowers who …

. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings …

In this study, the relation between consumer credit and real economic activity during the Great Moderation is studied …. Investors, who hold the economy’s capital stock, own the firms and supply credit, and workers, who supply labor and demand … credit to finance consumption. Furthermore, workers seek to minimize the difference between investors’ and their own …

We document the cyclical properties of unsecured consumer credit (procyclical and volatile) and of consumer … access to unsecured credit (because of bankruptcy costs) and aggregate shocks, we show that the cyclical behavior of … household earnings growth accounts for these properties, albeit not for the large volatility of credit. We find that tilting …