While the theoretical and empirical finance literature has focused almost exclusively on enterprise credit, about half of credit extended by banks to the private sector in a sample of 45 developing and developed countries is to households. The share of household credit in total credit increases...

""Credit has always been at the center of American capitalism, but it underwent a major shift in the late nineteenth century. Along with the industrial and bureaucratic transitions, for the first time more and more workers used their future labor income as collateral to build debt, however small...

Predatory lending: A problem rooted in the past that continues today. Looking for an investment return that could exceed 500 percent annually; maybe even twice that much? Private, unregulated lending to high-risk borrowers is the answer, or at least it was in the United States for much of the...

Intro -- Contents -- List of Illustrations -- List of Tables -- Preface -- Chapter 1: Americans in Financial Crisis -- Chapter 2: Middle-Class and Broke: The Demography of Bankruptcy -- Chapter 3: Unemployed or Underemployed -- Chapter 4: Credit Cards -- Chapter 5: Sickness and Injury -- Chapter...

This study investigates the role of risk attitudes and financial expectations in households’ borrowing behaviour. The central research question is whether risk aversion and optimistic expectations provide additional information beyond the main economic and sociodemographic characteristics in...

The economic crisis triggered by the COVID-19 outbreak has severely affected the global economy. The ultimate scale of the recession is yet to be determined, but it is likely to be the most dramatic slump sinceWorldWar II. The impact of the crisis on the financial sector, especially consumer...

In the modern age, the card payment business has flourished in Pakistan. Many multinational and national commercial banks have not only introduced debit cards but also many types of credit cards with distinct payment plans, and they are broadly used as financial instruments in consumer...

This article focuses on the fastest-growing consumer credit segment usually associated with e-commerce, but increasingly offered for brick-and-mortar shopping too. The purpose of the study was to identify how, and the extent to which, specific aspects of consumer behaviour - particularly in...