credit booms. Such equilibria are characterised by sharp increases in credit supply and deteriorations in average loan …

. 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 …

. 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 …

Do policies that promote credit access have an impact on targeted borrowers? To address this question, we develop a … to an improvement in the credit score of small businesses. However, the effect vanishes in markets with high demand …-adjusted bank competition, due to weaker bank incentives for information production. In order to improve credit allocation across …

loans. Thus, marketplace lending has the potential to finance a growing share of the consumer credit market in the absence …

This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on … whether credit procyclicality is more important when the degree of bank competition is high. Our findings show that while … credit significantly responds to shocks to GDP, the degree of bank competition is not essential in assessing the …

The effects of bank competition and institutions on credit markets are usually studied separately although both factors … credit contract) and explicitly capture the impact of the institutional environment. Most importantly, we show that the … environment. We predict that firms' access to credit increases in bank competition if institutions are weak but bank competition …