The economics of consumer credit / Giuseppe Bertola, Richard Disney, and Charles Grant, editors.

Format:

Book

Contributor:

Bertola, Giuseppe.

Disney, Richard.

Grant, Charles (Charles Benedict)

Language:

English

Subjects (All):

Consumer credit.

Physical Description:

1 online resource (389 p.)

Edition:

1st ed.

Place of Publication:

Cambridge, Mass. : MIT Press, c2006.

Language Note:

English

Summary:

Academic research and policy discussions of credit markets usually focus on borrowing by firms and producers rather than by households, which are typically analyzed in terms of their savings and portfolio choices. The Economics of Consumer Credit brings together leading international researchers to focus specifically on consumer debt, presenting current empirical and theoretical research crucial to ongoing policy debates on such topics as privacy rules, the regulation of contractual responsibilities, financial stability, and overindebtedness.The rapidly developing consumer credit industry in the United States is mirrored by that in Europe, and this volume is noteworthy for its cross-national perspective. Several chapters compare the use of credit markets by households in different countries, while others focus on single country case studies--including consumer credit dynamics in Italy, the role of housing expenditure in the cyclical pattern of borrowing in the United Kingdom, and the use of credit cards by U.S. consumers--to illustrate general insights. Other chapters draw policy lessons from the U.S. experience with bankruptcy regulation and the development of the credit counseling industry. Finally, the book reviews historical, theoretical, and empirical aspects of information sharing, of particular interest in light of the integration of European Union credit markets.ContributorsCarol C. Bertaut, Giuseppe Bertola, Sarah Bridges, Luca Casolaro, Jonathan Crook, Richard Disney, Leonardo Gambacorta, Charles Grant, Luigi Guiso, Michael Haliassos, Andrew Henley, Robert M. Hunt, Tullio Jappelli, Nicola Jentzsch, Marco Pagano, Amparo San Jose Riestra, Michael Staten, Michelle J. White

Contents:

The economics of consumer credit demand and supply / Giuseppe Bertola, Richard Disney, Charles Grant

Consumer credit markets in the United States and Europe / Nicola Jentzsch, Ampara San Jos?e Riestra

Household debt demand and supply: a cross-country comparison / Jonathan N. Crook

Regulation, formal and informal enforcement, and the development of the household loan market: lessons from Italy / Luca Casolaro, Leonardo Gambacorta, Luigi Guiso

Housing wealth and the accumulation of financial debt: evidence from U.K. households / Sarah Bridges, Richard Disney, Andrew Henley

Credit cards: facts and theories / Carol C. Bertaut, Michael Haliassos

Bankruptcy and consumer behavior: theory and U.S. evidence / Michelle J. White

The evolution of the credit counseling industry in the United States / Michael Staten

Development and regulation of consumer credit reporting in the United States / Robert M. Hunt

The role and effects of credit information sharing / Tullio Jappelli, Marco Pagano.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

OCLC-licensed vendor bibliographic record.

ISBN:

9786612097409

9780262268370

026226837X

9781282097407

1282097407

9781429477215

1429477210

OCLC:

939263621