Exploiting a policy-induced variation in asset liquidation value, we evaluate how changes in lenders’ ability to liquidate collateral affect non-mortgage credit provision in the context of personal loan application. The housing policy increases the probability of loans being granted by 6.5%....

Product offerings in many consumer packaged goods (CPG) categories come in a variety of complex branding structures built around some discernable branding hierarchy. We develop a nonparametric statistical method in the context of a market response model to estimate the residual equity of each...

Interest in central bank digital currencies (CBDCs) has been burgeoning with 134 countries now exploring its implementation. In December 2022, India started its CBDC pilot program to continue its transition towards a digitized payments economy. This paper presents the first empirical analysis...