Household Credit Usage
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Household Credit Usage: Personal Debt and Mortgages

Household Credit Usage: Personal Debt and Mortgages


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About the Book

Financial economists have long studied how corporations utilize financial instruments, yet little is understood about how consumers utilize credit alternatives in managing their consumption and savings objectives. This book fills that information gap by collecting essays by leading researchers studying issues involving household and consumer use of credit instruments. Features a foreword by John Y. Campbell.

Table of Contents:
Foreword by John Y. Campbell * PART I: INTRODUCTION * Household Finance and the Financial Decision-Making Process - Sumit Agarwal, Brent W. Ambrose * PART II: HOUSEHOLD CREDIT: DEMAND AND SUPPLY * Recent Developments in the Credit Card Market and the Financial Obligations Ratio - Kathleen Johnson * Household Credit Counseling - Robert Hunt * Household Bankruptcy Decision - Andreas Lehnert, Dean Maki * PART III: HOUSEHOLD USE OF PERSONAL CREDIT * Consumer Lines of Credit: The Choice between Credit Cards and Home Equity Lines of Credit - Subhasis Dey, Lucia Dunn * Automobile Loans and Information Asymmetry - Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet * Introductory Credit Card Interest Rates and Balance Switching Behavior of Cardholders - Tufan Ekici, Lucia Dunn * Do Personal and Business Credit Mix? An Examination of Family Owned Businesses - Grace Kim * Debit Cards and Consumer Credit and Debt - Marc Fusaro * Linkages between Consumer Payments and Credit - Sujit Chakravorti * Payday Lending: Industry Structure and Policy Implications - Katherine Samolyk * PART IV: HOUSEHOLD USE OF MORTGAGE DEBT * Is Buying Really Better than Renting? - Tsur Somerville, Paulina Teller * Choosing between Fixed and Adjustable Rate Mortgages - Monica Paiella, Alberto Pozzolo * Sub-Prime Borrowers and Interest Rates - Souphala Chomsisengphet, Anthony Pennington-Cross * Synthesis of Issues Surrounding Borrower Prepayment and Default in Residential Mortgages - Michael LaCour-Little * PART V: REGULATORS' PROSPECTIVE OF CONSUMER CREDIT * Statistical Analysis and Modeling for Fair Lending and Compliance: The OCC's Perspective - Mark Pocock, Irene Fang, Jason Dietrich

About the Author :
Sumit Agarwal is a financial economist at the Federal Reserve Bank of Chicago. Dr. Brent W. Ambrose is the Jeffery L. and Cindy M. King Faculty Fellow in Business and Professor at the Pennsylvania State University.


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Product Details
  • ISBN-13: 9780230608917
  • Publisher: Palgrave Macmillan
  • Binding: Digital (delivered electronically)
  • Sub Title: Personal Debt and Mortgages
  • ISBN-10: 0230608914
  • Publisher Date: 30 Oct 2007
  • Language: English


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