availability of multiple sources of credit has tempted clients to take multiple loans simultaneously, and subsequently default on … regression discontinuity design, in this paper I empirically study the impact of an additional source of credit on outstanding … and delinquent debt and monthly income by comparing individuals with access to two sources of credit with individuals with …

We investigate how the introduction of market-based pricing, the practice of tying loan interest rates to credit …

debt have significantly lower credit quality and higher information asymmetry than firms that issue traditional non … debt source for firms with good credit quality. I also show that the firm characteristics of traditional private debt … which is conditional on credit quality. High credit quality firms prefer public bond offerings and small firms, with good …

hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …-2013 presents new evidence that the (high) level of private credit at a time of increasing safe asset shortage is the major …