This study uses survey data and Instrumental Variables (IV) methods to assess whether in the US, the prices of credit cards (annual percentage rates, APRs) reflect the short and long-term risks of cardholders (measured as unpaid credit card debt in the previous year, outstanding debt and FICO...

We investigate the entry, exit and growth of commercial banks in the United States (US) during the period 1984-2012. Hazard function estimations for the probability of exit via acquisition and failure, and cross-sectional growth regressions examine the impact of exit through merger and...