Since 2012 the Italian Government has taken several steps to repay its commercial debts. Using a composite dataset, we evaluate the effects of these policies on the financial performance of a representative sample of Italian firms. We distinguish between the firms that were beneficiaries of...

Legislators have increasingly become concerned about their state’s economic well-being with regard to student loan debt, as state leadership has called for progressive action in reducing loan burdens among students (Ahlman & Gonzalez, 2019). One response to these calls has been to institute...

This paper proposes a dynamic model of sovereign debt that combines default, settlement, and repayment history. The model addresses two questions: 1) how level of debt and income profile effect the length of time a country in default is excluded from the international credit market, and 2) how...

We examine the effect of undiagnosed memory disorders on credit outcomes using nationally representative credit reporting data merged with Medicare data. Years prior to eventual diagnosis, average credit scores begin to weaken and payment delinquency begins to increase, overall and for mortgage...