We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the …

Markets for credit default swaps (CDS) and bonds of the same reference entity and maturity are bound by no …. Nonetheless, the average CDS-bond basis (i.e. the difference between both measures) is positive in the period 2004-2005. We detect …

show that the incidence of inefficient credit termination and subsequent firm liquidation is contingent on the borrower … inefficient credit decisions than monopoly relationship lending or homogeneous multiple banking, provided that the relationship … bank's fraction of total firm debt is not too large. …

The recent financial crises pointed out the central role of public and private debt in modern economies. However, even … if debt is a recurring topic in discussions about the current economic situation, economic modeling does not take into … account debt as one of the crucial determinants of economic dynamics. The authors' contribution, in this paper, is to …

Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for … debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can …

debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …

Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by …-existence, as well as target credit card utilization rates consistent with Gross and Souleles (2002). The benchmark model is …

The recent financial crises pointed out the central role of public and private debt in modern economies. However, even … if debt is a recurring topic in discussions about the current economic situation, economic modelling does not take into … account debt as one of the crucial determinants of economic dynamics. Our contribution, in this paper, is to investigate the …

quantitatively the extent to which debt outstandings in the 90s affected the firm's R&D activities. We find that massive debt … to the firm-level total factor productivity growth in the 90s. In fact, ten-percentage-point increase of debt-asset ratio …