. 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 …

economic and sociodemographic characteristics in predicting applications for credit and the size of debt. The paper uses …

credit. To tackle this question, we incorporate overoptimistic borrowers into an incomplete markets model with consumer …

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 …

We investigate the welfare consequences of consumer credit regulation in a dynamic, heterogeneous-agent model with … endogenous lender market power. We incorporate a decentralized credit market with search and incomplete information frictions … into an off-the-shelf Eaton-Gersovitz model of consumer credit and default. Lenders post credit offers and borrowers apply …

to a public credit registry affects their loan take-up and repayment decisions. We show that credit warnings increase … loan take-up rates. Reducing incumbent lenders' informational rents and improving access to informal or formal credit are … the main drivers. Moreover, credit warnings reduce default rates by 32–52%. This reduction is comparable for borrowers who …

interest rate using micro-level data from a major credit-rating company. The legal maximum rate cut significantly lowers the … loan interest rate and default rate of low-credit borrowers (i.e., high-credit-risk borrowers) in the non-banking sector … rate cut. The loan approval rate of low-credit borrowers decreased significantly after the legal maximum interest rate cut …

' decisions to invite customers are based on customers' credit rating and age and that lenders increase credit limits and charge … after the passage of the China Banking Regulatory Commission (CBRC) Act. We develop a model of revolving credit contract …

How are the welfare costs from monopoly distributed across U.S. households? We answer this question for the U.S. credit …