Browsing R & P Seminar by Subject "High-Cost Debt"
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High-Cost Debt and Borrower Reputation: Evidence from the U.K
(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 ...