Dadas las virtudes de instituciones de informacion crediticia, cuando no surgen espontaneamente, las autoridades financieras suelen promover su formacion con participacion obligatoria. En Mexico, el mercado de credito es reducido, por lo que los mecanismos de informacion han presentado un...

This paper argues that thresholds in financial contracts act as implicit nudges in consumers’ decisions. Exploiting a regulatory change to credit card minimum payments in Mexico, we find that a one percentage point change in minimum payments leads to a 0.87 pp change in actual payments, both...