"Why did America embrace consumer credit over the course of the twentieth century, when most other countries did not? How did American policy makers by the late twentieth century come to believe that more credit would make even poor families better off? This book traces the historical emergence...

The study documented in this paper utilises a probit regression analysis to empirically investigate the key macroeconomic factors that influence credit risk in the peer-to-peer (P2P) lending market. By aggregating the United States (US) state-level data with LendingClub’s loan book covering...