In this paper we develop an analytical framework using the household utility maximization approach to model stability … conditions to avoid household debt overhang. Our theoretical framework suggests that household debt stability is a function of …' disutility from borrowing parameter. Further, we apply our analytical model to the case of India and estimate household debt …

limitations - the empirical study relies on the country's macroeconomic indicators that influence household borrowing. Such … useful for the future research within the household borrowing trends, especially in Peer-to-Peer platforms, and specifically …/Value - household borrowing, the credit market and the P2P platforms are widely analysed by both academics and financial institutions …