Consumer lending in theory and practice / Petr Teplý.

Format:

Book

Author/Creator:

Teplý, Petr, author.

Language:

English

Subjects (All):

Consumer credit.

Physical Description:

1 online resource (187 pages) : illustrations

Edition:

1st ed.

Place of Publication:

Prague, Czech Republic : Karolinum Press, [2015]

Summary:

This book deals with consumer lending from both theoretical and empirical points of view. In the theoretical section, it book analyses the wider context of financial literacy, household indebtedness and the global consumer credit market including relevant legal, regulatory and risk management issues. In the empirical section, the book uses The Navigator of Responsible Lending as an evaluation tool to assess both bank and non-bank consumer credit providers in the Czech Republic. Although our empirical research is done as a case study on the Czech Republic, its basic ideas might be easily applied to other countries as well. Enclosures to the book include additional texts relevant to consumer lending (including case studies and an unofficial English translation of the Czech Consumer Credit Act) and therefore provide the reader with several perspectives on the topic.

Contents:

Cover

Table of Contents

List of Figures

List of Tables

List of Abbreviations

Foreword

THEORETICAL PART

1. Theoretical background: definition of responsible borrowing and lending

1.1 Definition of responsible lending

1.2 Definition of responsible borrowing

1.3 Definition of security

2. Theoretical aspects of regulation and supervision over consumer credit markets - a case study on the Czech Republic

2.1 General framework

2.2 Regulated part of the consumer credit market in the Czech Republic

2.3 Unregulated part of the consumer credit market in the Czech Republic

3. Theoretical aspects of consumer credit markets - a case study on the Czech Republic

3.1 Household indebtedness in the Czech Republic and in the European Union

3.2 Analysis of consumer credit products in the Czech Republic

3.3 Financial literacy

EMPIRICAL PART

4. Methodology of construction of The Navigator of Responsible Lending

4.1 Navigator construction

4.2 The potential lender (supply side)

4.3 Ex-ante credit parameters (product design)

4.4 Ex-post credit parameters

4.5 Credit applicants (demand side)

4.6 Outline of the calculation of the Navigator value

5. Results of the Navigator for 2013

5.1 Results of the Navigator for a CZK 30,000 credit

5.2 Results of The Navigator for a CZK 100,000 credit

5.3 Over-all results of the Navigator 2013

5.4 Comparing the Navigator results in 2012 and 2013

6. Conclusion

7. References

8. Appendix

9. Enclosures

9.1 The Czech Credit Consumer Act (English translation)

9.2 The annual percentage rate of charge calculation - a case study

9.3 An alternative view on indebtedness

9.4 Regulation of the Czech consumer credit market - a regulator's view

9.5 Regulation of the global consumer credit market - a regulator's view.

9.6 Financial education - a case study

9.7 Responsible lending in a bank - a case study

9.8 Responsible lending in a nonbank institution - a case study

About author

Index.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9788024632551

8024632551

OCLC:

1048924777