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We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
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We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
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We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
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household credit is related to foreign bank ownership. In countries with higher foreign bank presence we find a stronger … relation between household income, education and employment status and the use of credit cards and mortgages. Our findings are …
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