| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26183 |
| 来源ID | Working Paper 26183 |
| The Effects of Competition in Consumer Credit Market | |
| Stefan Gissler; Rodney Ramcharan; Edison Yu | |
| 发表日期 | 2019-08-26 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper finds that banks and non-banks respond differently to increased competition in consumer credit markets. Increased competition and the greater threat of failure induces banks to specialize more in relationship business lending, and surviving banks are more profitable. However, non-banks change their credit policy when faced with more competition and expand credit to riskier borrowers at the extensive margin, resulting in higher default rates. These results show how the effects of competition depend on the form of intermediation. They also suggest that increased competition can cause credit risk to migrate outside the traditional supervisory umbrella. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w26183 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583855 |
| 推荐引用方式 GB/T 7714 | Stefan Gissler,Rodney Ramcharan,Edison Yu. The Effects of Competition in Consumer Credit Market. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26183.pdf（2608KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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