منابع مشابه
Payday Loans and Credit Cards: New Liquidity and Credit Scoring Puzzles? By SUMIT AGARWAL, PAIGE
Among the many important questions highlighted by recent events in the nancial sector, one concerns the features and determinants of the liability side of households' balance sheets, and a second concerns the measurement of household creditworthiness. Had households taken on and accumulated debt with more wisdom and caution, and had lenders obtained and relied on more meaningful measures of cre...
متن کاملHistory of Credit Cards
Unfortunately it could also be used to defraud these agencies. In the period immediately following their introduction public acceptance of credit cards was less than enthusiastic, but by 1992 there were almost 10 million major credit cards in use in Australia.2 There were also in excess of 25,000 fraudulent credit card transactions per annum. In this, then, as in so many other areas of property...
متن کاملAnonymous Internet Credit Cards
In credit based payment systems, con dential data such as PIN and credit card number embedded in an electronic credit card must be protected. The authenticity of an electronic credit card in a payment process is normally achieved through an on-line trusted server such as a nancial institution that runs the payment system. This paper considers some novel secure electronic credit card based payme...
متن کاملCredit cards and inflation
The introduction (and widespread use) of credit cards increases trading efficiency but, by also increasing the velocity of money, it causes massive inflation, in the absence of monetary intervention. If the monetary authority attempts to restore pre-credit card price levels by reducing the money supply, it will have to sacrifice all the efficiency gains. When there is default on credit cards, t...
متن کاملCredit Cards, Race, and Entrepreneurship
We use the decision by 14 states to remove credit card interest rate caps after the U.S. Supreme Court's 1978 Marquette decision as a natural experiment to explore the impact of credit card availability on black entrepreneurship. Using self-employment as a measure of entrepreneurship, we use Current Population Survey data from 1971-1985 to show that removing state-level rate caps led to increas...
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ژورنال
عنوان ژورنال: Michigan Law Review
سال: 1971
ISSN: 0026-2234
DOI: 10.2307/1287294