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Browsing Economics and Business Working Papers Series by Subject "debt"

Browsing Economics and Business Working Papers Series by Subject "debt"

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  • Haliassos, Michael; Reiter, Michael (2005-11-01)
    Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by retirement, and (ii) low-rate liquid assets. Hyperbolic discounting can resolve only the former puzzle ...
  • Chemla, Gilles; Faure Grimaud, Antoine (1996-03-01)
    This paper argues that the strategic use of debt favours the revelation of information in dynamic adverse selection problems. Our argument is based on the idea that debt is a credible commitment to end long term ...
  • Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon; Teles, Pedro (2003-01-01)

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