Personal Bankruptcy and Credit Supply and Demand
نویسندگان
چکیده
منابع مشابه
supply and demand security of energy in central asia and the caucasus
امنیت انرژی به معنی عرضه مداوم و پایدار همراه با قیمت های معقول در حامل های انرژی، که تهدیدات امنیتی، سیاسی، اقتصادی، محیط زیستی و روانی را کاهش دهد. امروزه نفت و گاز تنها، کالای تجاری نیست بلکه بعنوان ابزار سیاسی مورد استفاده قرار می گیرد.اختلاف میان روسیه و اکراین بر سر انرژی در ژانویه 2006، تهدیدی برای امنیت انرژی اروپا ایجاد کرد. در این تحقیق ما تلاش کردیم که نقش انرژی آسیای میانه و قفقاز ر...
15 صفحه اولCredit Supply to Personal Bankruptcy Filers: Evidence from Credit Card Mailings
Are consumers who have filed for personal bankruptcy before excluded from the unsecured credit market? Using a unique data set of credit card mailings, we directly explore the supply of unsecured credit to consumers with the most conspicuous default risk—those with a bankruptcy history. On average, over one-fifth of personal bankruptcy filers receive at least one offer in a given month, with th...
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A personal bankruptcy prediction system running on credit card data is proposed. Personal bankruptcy, which usually results in significant losses to creditors, is a rapidly increasing yet little understood phenomenon. The most commonly used methods in personal bankruptcy prediction are credit scoring models. Some data mining models have also been investigated in this domain. Neither the scoring...
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We ask two questions related to how access to credit affects the nature of business cycles. First, does the standard theory of unsecured credit account for the high volatility and procyclicality of credit and the high volatility and countercyclicality of bankruptcy filings found in U.S. data? Yes, it does, but only if we explicitly model recessions as displaying countercyclical earnings risk (i...
متن کاملCredit , Wages and Bankruptcy Laws ∗
We study bankruptcy in general equilibrium, taking into account the interactions between the credit and the labor markets, as well as wealth heterogeneity. Soft bankruptcy laws often preclude liquidation, to avoid ex-post inefficiencies. This worsens credit rationing, depresses investment and reduces aggregate leverage. Yet, tough laws do not necessarily maximize social welfare or emerge from t...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1997
ISSN: 0033-5533,1531-4650
DOI: 10.1162/003355397555172