Liquidity constraints, consumption, and debt repayment: Evidence from macroprudential policy in Turkey
Using account-level credit card data from a large Turkish bank, we study the impact of a unique credit card policy that increases minimum payment on consumption and debt repayment. We show that the policy reduces credit card spending and debt, boosts existing debt repayment, and reduces credit card...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2023
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7193 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8192/viewcontent/SSRN_id2569584.pdf https://ink.library.smu.edu.sg/context/lkcsb_research/article/8192/filename/0/type/additional/viewcontent/hhad024_supplementary_data.pdf |
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| Institution: | Singapore Management University |
| Language: | English |