Macroeconomic factors, consumer behavior, and bankcard default rates

Autor:	Steven T. Jones, Charles E. Hegji, Terrance Grieb
Rok vydání:	2001
Předmět:	Economics and Econometrics Default rate Financial economics media_common.quotation_subject Consumer debt Monetary economics Credit card Debt Economics Default Unit root Finance Consumer behaviour media_common
Zdroj:	Journal of Economics and Finance. 25:316-327
ISSN:	1938-9744 1055-0925
DOI:	10.1007/bf02745892
Popis:	Over the period from 1981 through 1999, we investigate the relationship between bankcard delinquencies and key macroeconomic variables. Changes in the proportion of accounts in default are statistically related to the consumer debt ratio. When the delinquency rate is calculated based on the number of dollars outstanding, it is related to the total amount of revolving debt. We also find evidence consistent with a pattern of selective default behavior, in which consumers will default on bankcard debt before defaulting on other types of installment loans.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::77da6dfdb5e2e09d63cad4303d94d0d1 https://doi.org/10.1007/bf02745892 Zobrazit plný text záznamu Plný text ve formátu PDF