This report sets out the results of research by Victoria University of Wellington on certain key issues around debt collection in the context of lending under consumer credit contracts in New Zealand, as at date of writing (August 2019). The proposed changes to the law (in the October 2018...

This paper presents a spatial model to analyze the effects of the entry of Fintech lenders on credit market competition and welfare. In the model, banks compete with a Fintech lender for borrowers under asymmetric information. Both types of lenders can screen borrowers before making a loan, and...

Aufgrund seiner Komplexität lässt sich zum Bereich des Geld- und Kreditwesens nur interdisziplinär ein adäquater Zugang finden. Durch einen Blick über die eigenen Fachgrenzen hinaus, die Zusammenschau verschiedener Disziplinen und Perspektiven, konnte der Bogen, von der antiken...

Fast täglich kommen neue Hiobsbotschaften aus der Wirtschaft und vonseiten der Finanzmärkte. Aktien verlieren dramatisch an Wert, Banken brechen zusammen, Unternehmen aller Branchen bauen Mitarbeiter ab. Die aktuelle Finanzmarktkrise hat die größte und schwerwiegendste Rezession seit der...

Preface -- Introduction: Is the Finance Industry Ethically Irrelevant? -- Part A Foundations of Business and Finance Ethics -- Chapter 1 Ethical Economy, Economic Ethics, Business Ethics -- Part B The Ethical Economy and Finance Ethics of the Markets for Credit, Capital, Corporate Control, and...

This paper develops a test for discrimination in lending combining denial rates and recovery rates. In contrast to the recent outcome-test methodology scrutinizing biases in the credit market with differential profits, our approach is applicable to (simple and intersectional) discrimination...

We study, theoretically and in a quantitative model, the determinants of lender profits in the cross-section of households. We argue that the empirical pattern of high profit margins for high risk contracts calls for a departure from constant markups or ex-post perfect competition models.We...

Using a panel dataset of 26 advanced economies over the five decades preceding the Covid-19 crisis, we show that inequality rises following recessions and that rapidcredit growth in the run up to a downturn exacerbates that effect. A one standard deviation credit boom leads to a 40%...

The difference in unemployment rates between the U.S. and Europe is well documented. In this paper, we develop a model with frictional labor, goods and credit markets to understand how differences in unemployment rates across the U.S. and Europe can be explained by differences in income tax...