Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/129935 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Working Papers No. 2015-11
Verlag: 
Banco de México, Ciudad de México
Zusammenfassung: 
We study the bancarization of marginal borrowers using credit cards and document that this process is difficult: default risk is substantial, returns heterogeneous, and account closings common. We also take advantage of a randomized control trial that varied interest rates and minimum payments in a very wide range. Against our hypothesis, we find that default risk is very insensitive to (randomized) large changes in interest rates and minimum payments. This could imply that regulating these contract terms may not necessarily "protect" consumers against default and that moral hazard in this market is negligible on average.
Schlagwörter: 
Credit cards
Development finance
Consumer behavior
Mexico
JEL: 
D14
D18
D82
G21
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
1.09 MB





Publikationen in EconStor sind urheberrechtlich geschützt.