Arbeitspapier
Consumer bankruptcy and information
We analyze the relationship between the intensity of banks' use of soft-information and household bankruptcy patterns. Using a unique data set on the universe of Canadian household bankruptcies, we document that bankruptcy rates are higher in markets where the collection of soft, or qualitative locally gathered information, is the weakest. Using two Canadian bank mergers as exogenous variation in local market structure, we show that the differences in bankruptcy rates are not due to changes in the supply of credit. Our findings indicate that screening via hard-information is not a perfect substitute for softinformation. Instead, the two appear to be complements.
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Canada Working Paper ; No. 2012-18
- Classification
-
Wirtschaft
- Subject
-
Financial institutions
Financial services
- Event
-
Geistige Schöpfung
- (who)
-
Allen, Jason
Damar, H. Evren
Martinez-Miera, David
- Event
-
Veröffentlichung
- (who)
-
Bank of Canada
- (where)
-
Ottawa
- (when)
-
2012
- DOI
-
doi:10.34989/swp-2012-18
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Allen, Jason
- Damar, H. Evren
- Martinez-Miera, David
- Bank of Canada
Time of origin
- 2012
Other Objects (12)
Unsecured debt, consumer bankruptcy, and small business
The impact of bankruptcy reform on insolvency choice and consumer credit
Firms dynamics, bankruptcy laws and total factor productivity
Credit constraints and consumer spending
The behaviour of consumer prices across provinces
Consumer interest rates and retail mutual fund flows
Identifying consumer-welfare changes when online search platforms change their list of search results
Information flows and aggregate persistence
Limiting sender's information in Bayesian persuasion
Online privacy and information disclosure by consumers
Securitization under Asymmetric Information over the Business Cycle
Information, Risk Sharing and Incentives in Agency Problems
Unsecured debt, consumer bankruptcy, and small business
The impact of bankruptcy reform on insolvency choice and consumer credit
Firms dynamics, bankruptcy laws and total factor productivity
Credit constraints and consumer spending
The behaviour of consumer prices across provinces
Consumer interest rates and retail mutual fund flows
Identifying consumer-welfare changes when online search platforms change their list of search results
Information flows and aggregate persistence
Limiting sender's information in Bayesian persuasion
Online privacy and information disclosure by consumers
Securitization under Asymmetric Information over the Business Cycle
Information, Risk Sharing and Incentives in Agency Problems
Unsecured debt, consumer bankruptcy, and small business
The impact of bankruptcy reform on insolvency choice and consumer credit
Firms dynamics, bankruptcy laws and total factor productivity
Credit constraints and consumer spending
The behaviour of consumer prices across provinces
Consumer interest rates and retail mutual fund flows
Identifying consumer-welfare changes when online search platforms change their list of search results
Information flows and aggregate persistence
Limiting sender's information in Bayesian persuasion
Online privacy and information disclosure by consumers
Securitization under Asymmetric Information over the Business Cycle