Consumer Lending in Theory and Practice

Cover -- Table of Contents -- List of Figures -- List of Tables -- List of Abbreviations -- Foreword -- THEORETICAL PART -- 1. Theoretical background: definition of responsible borrowing and lending -- 1.1 Definition of responsible lending -- 1.2 Definition of responsible borrowing -- 1.3 Definition of security -- 2. Theoretical aspects of regulation and supervision over consumer credit markets - a case study on the Czech Republic -- 2.1 General framework -- 2.2 Regulated part of the consumer credit market in the Czech Republic -- 2.3 Unregulated part of the consumer credit market in the Czech Republic -- 3. Theoretical aspects of consumer credit markets - a case study on the Czech Republic -- 3.1 Household indebtedness in the Czech Republic and in the European Union -- 3.2 Analysis of consumer credit products in the Czech Republic -- 3.3 Financial literacy -- EMPIRICAL PART -- 4. Methodology of construction of The Navigator of Responsible Lending -- 4.1 Navigator construction -- 4.2 The potential lender (supply side) -- 4.3 Ex-ante credit parameters (product design) -- 4.4 Ex-post credit parameters -- 4.5 Credit applicants (demand side) -- 4.6 Outline of the calculation of the Navigator value -- 5. Results of the Navigator for 2013 -- 5.1 Results of the Navigator for a CZK 30,000 credit -- 5.2 Results of The Navigator for a CZK 100,000 credit -- 5.3 Over-all results of the Navigator 2013 -- 5.4 Comparing the Navigator results in 2012 and 2013 -- 6. Conclusion -- 7. References -- 8. Appendix -- 9. Enclosures -- 9.1 The Czech Credit Consumer Act (English translation) -- 9.2 The annual percentage rate of charge calculation - a case study -- 9.3 An alternative view on indebtedness -- 9.4 Regulation of the Czech consumer credit market - a regulator's view -- 9.5 Regulation of the global consumer credit market - a regulator's view