Browsing R & P Seminar by Subject "Borrower Reputation"

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    • High-Cost Debt and Borrower Reputation: Evidence from the U.K 

      Pathania, Vikram (Indian Institute of Management, Ahmedabad, 2016-09-14)
      When taking up high-cost debt signals poor credit risk to lenders, consumers must trade off alleviating credit constraints today with exacerbating them in the future. We document this trade-off by exploiting the random ...