Download or read book The Effects of Credit Availability on Consumer Durable Expenditures written by John Vincent Duca (Economiste.) and published by . This book was released on 1987 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effects of Credit Availablility on Consumer Durable Expenditures written by John V. Duca and published by . This book was released on 1987 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effects of Credit Availability Nonbank Competition and Tax Reform on Bank Consumer Lending written by John V. Duca and published by . This book was released on 1992 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit Availability and Consumer Investment in Durable Goods the Case of Automobiles written by James Monroe Kenney and published by . This book was released on 1972 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Consumer Credit and the American Economy written by Thomas A. Durkin and published by . This book was released on 2014 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer Credit and the American Economy examines the economics, behavioral science, sociology, history, institutions, law, and regulation of consumer credit in the United States. After discussing the origins and various kinds of consumer credit available in today's marketplace, this book reviews at some length the long run growth of consumer credit to explore the widely held belief that somehow consumer credit has risen "too fast for too long." It then turns to demand and supply with chapters discussing neoclassical theories of demand, new behavioral economics, and evidence on production costs and why consumer credit might seem expensive compared to some other kinds of credit like government finance. This discussion includes review of the economics of risk management and funding sources, as well discussion of the economic theory of why some people might be limited in their credit search, the phenomenon of credit rationing. This examination includes review of issues of risk management through mathematical methods of borrower screening known as credit scoring and financial market sources of funding for offerings of consumer credit. The book then discusses technological change in credit granting. It examines how modern automated information systems called credit reporting agencies, or more popularly "credit bureaus," reduce the costs of information acquisition and permit greater credit availability at less cost. This discussion is followed by examination of the logical offspring of technology, the ubiquitous credit card that permits consumers access to both payments and credit services worldwide virtually instantly. After a chapter on institutions that have arisen to supply credit to individuals for whom mainstream credit is often unavailable, including "payday loans" and other small dollar sources of loans, discussion turns to legal structure and the regulation of consumer credit. There are separate chapters on the theories behind the two main thrusts of federal regulation to this point, fairness for all and financial disclosure. Following these chapters, there is another on state regulation that has long focused on marketplace access and pricing. Before a final concluding chapter, another chapter focuses on two noncredit marketplace products that are closely related to credit. The first of them, debt protection including credit insurance and other forms of credit protection, is economically a complement. The second product, consumer leasing, is a substitute for credit use in many situations, especially involving acquisition of automobiles. This chapter is followed by a full review of consumer bankruptcy, what happens in the worst of cases when consumers find themselves unable to repay their loans. Because of the importance of consumer credit in consumers' financial affairs, the intended audience includes anyone interested in these issues, not only specialists who spend much of their time focused on them. For this reason, the authors have carefully avoided academic jargon and the mathematics that is the modern language of economics. It also examines the psychological, sociological, historical, and especially legal traditions that go into fully understanding what has led to the demand for consumer credit and to what the markets and institutions that provide these products have become today.

Download or read book The Effect of Consumer Durable Goods Expenditures and the Use of Installment Credit Upon Economic Activity During the 1948 49 and the 1953 54 Recessions written by Frances Margaret Russell and published by . This book was released on 1956 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Model of the Consumer Credit Market and Consumer Durable Expenditures written by Charles Frank Hoffmann and published by . This book was released on 1974 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Consumer Instalment Credit Conference on regulation by National Bureau of Economic Research 2 v written by Board of Governors of the Federal Reserve System (U.S.) and published by . This book was released on 1957 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A broad study of the role of consumer instalment credit" conducted in 1956-57.

Download or read book Three Essays in Experimental Economics written by Deniz Aydin and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter estimates the dynamic effects of credit availability on consumer borrowing and spending decisions using unique longitudinal data on consumer income, spending, balance sheets, and untapped credit, and a test-tube exogenous shock to credit availability. I design and implement a randomized trial at a European retail bank where I deliberately vary the credit lines of 54,522 pre- existing customers. I obtain four empirical results: (1) credit availability has a large and significant effect on spending and the use of credit; (2) this effect is not confined to a small set of credit constrained consumers; (3) increases in spending are concentrated in durables and services (e.g., health, education), made in the wake of positive income shocks; (4) credit line utilization displays mean-reverting dynamics, i.e. strict credit constraints are transitory. In the second chapter, I use the findings provide novel tests of competing models of intertemporal behavior. The findings rule out a simple permanent income model, a range of myopic models (e.g., rule-of-thumb, impatient), models where forward looking agents face a binding credit constraint and the baseline buffer-stock model. On the contrary, findings indicate that the primary affects of credit shocks is on consumers whom are not strictly constrained, through a portfolio problem. I then builds a partial equilibrium incomplete markets model with illiquid durables, and uses the endogenous ex- post heterogeneity to deliver many aspects of the magnitude, heterogeneity, composition and the dynamics of the marginal propensity to consume out of liquidity quantitatively. The third chapter, joint work with Jim Andreoni, Blake Barton, Doug Bernheim and Jeffrey Naecker, studies how people think about fairness in settings with uncertainty: one view holds that fairness requires equality of opportunity; another holds that it requires equality of outcomes. We conduct a laboratory experiment designed to determine which perspective people adopt, and under what conditions. We find that most people view fairness from an ex ante perspective when making decisions ex ante, and from an ex post perspective when making decisions ex post. As a result, they exhibit the hallmark of time-inconsistency: after making an initial plan that is fully state-contingent, they revise it upon learning that certain states will not occur. These patterns are robust and persist even when people are aware of their proclivities. We argue that these patterns are best explained by a theory of nominal fairness.

Download or read book Effects of Monetary Policy on the United States Economy written by Gordon Fisher and published by . This book was released on 1972 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Proceedings of the Annual National Consumer Credit Conference written by and published by . This book was released on 1960 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Buy Now Pay Later written by Martha L. Olney and published by . This book was released on 1991 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Olney contends that a century ago, most Americans owned few durable goods, most of which were deemed necessities and few of which were advertised or purchased on an installment plan. Today, Americans own many durable goods, most considered luxury items, widely advertised and purchased on credit. She concludes that a revolution in consumer durable goods occurred in the 1920s and considers what roles advertising and credit played. Annotation copyrighted by Book News, Inc., Portland, OR

Download or read book The Impact of Public Policy on Consumer Credit written by Thomas A. Durkin and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: As both the twenty-first century and the new millennium opened and the old eras passed into history, individuals and organizations throughout the world advanced their listings of the most significant people and events in their respective specialties. Possibly more important, the tum of the clock and calendar also offered these same observers a good reason to glance into the crystal ball. Presumably, the past is of greatest interest to most people when it permits better understanding of the present, and maybe even limited insight into the outlook. In keeping with the reflective mood of the time, the staff and friends of the Credit Research Center (CRC) at Georgetown University's McDonough School of Business noted that the beginning of the new millennium also marked the beginning of the second quarter-century of the Center's existence. The Center began at the Krannert Graduate School of Management at Purdue University in 1974 and moved to the McDonough School of Business at Georgetown University in 1997. The silver anniversary of its founding offered the occasion for creating more than another listing of significant past accomplishments and milestones. Rather, it offered the opportunity and, indeed, a mandate for CRC as an academic research center, to undertake a retrospective and future look into the status of research questions pertaining to consumer credit markets. For this reason, the Center organized a research conference which was held in Washington, D. C.

Download or read book Working Paper Series written by and published by . This book was released on 1976 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit Supply and Productivity Growth written by Francesco Manaresi and published by International Monetary Fund. This book was released on 2019-05-17 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations, together with a natural experiment, to measure idiosyncratic supply-side shocks to credit availability and to estimate a production model augmented with financial frictions. We find that a contraction in credit supply causes a reduction of firm TFP growth and also harms IT-adoption, innovation, exporting, and adoption of superior management practices, while a credit expansion has limited impact. Quantitatively, the credit contraction between 2007 and 2009 accounts for about a quarter of observed the decline in TFP.

Download or read book An Inquiry Into the Nature and Causes of the Wealth of Nations written by Adam Smith and published by . This book was released on 1822 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Survey of Current Business written by and published by . This book was released on 1942 with total page 810 pages. Available in PDF, EPUB and Kindle. Book excerpt: