Allen, Jason; Boutros, Michael; Guttman-Kenney, Benedict - 2024 - Last updated: July 15, 2024
We study a government policy that restricts repayment choices with the aim of reducing credit card debt. The policy … requires the minimum payment on credit card balances in Quebec to be at least 2% of the statement balance for cards opened … policy's effects by applying a difference-in-differences methodology to comprehensive, Canadian consumer credit …
