productivity was the shock that initiated the household debt boom and bust. The credit supply view is supported by four facts …; such borrowing was prevalent in all but the top 20% of the credit score distribution and was the primary driver of the rise … in aggregate household debt. Fourth, the default crisis was driven mainly by lower credit score individuals. The view …

play in this respect focuses on corporate loans rather than on household credit. The improvement of financing conditions … stimulate household credit, in particular consumer loans. Nevertheless, in order to avoid past mistakes, regulators should … continue to develop a framework where consumer loans (and by extension household credit) contributes to the economy in a …

borrowing, they choose larger loans. Banks are at least partially aware of the financial implications of sensation …-seeking behavior. They supply larger credit due to higher demand, but at higher rates due to greater perceived risks. The resulting …

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 as countries grow richer and financial systems develop. Cross …