Informational synergies in consumer credit
Carregando...
Data
2015-12-17
Orientador(res)
Métricas
Título da Revista
ISSN da Revista
Título de Volume
Resumo
Lenders can tap into multiple sources of private information to assess consumer credit risk but little is known about the informational synergies between these sources. Using unique panel data on checking accounts and credit card accounts from the same customers during 2007-2014, we find that activity measures from both account types contain information beyond credit scores and other controls. Checking accounts display warning indications earlier and more accurately than credit card accounts. We also investigate the consistency of information, the reasons for defaults, and selection effects. The evidence highlights sizeable informational synergies that lenders can use to manage credit relationships.
Descrição
Paris December 2015 Finance Meeting - The traditional annual December International Paris Finance Meeting is organized on December 17, 2015 by EUROFIDAI (European Financial Data Institute), AFFI (French Finance Association) and Leonard de Vinci Pole Universitaire, and jointly sponsored by CDC Institute for Research, CNRS, Institut Louis Bachelier, Equipex BEDOFIH, 'Regulation and Systemic Risk' ACPR Chair and Fondation Banque de France in Money, Finance and Banking. All researchers in finance are invited to present in English their latest research in all areas of finance and insurance, with a special attention given to papers including empirical analysis. In 2015, 347 papers were submitted for presentation at the meeting. Of this number, only 53 were accepted, indicating rigorous selection criteria (about one in six papers accepted). The Paris December Finance Meeting is one of the top 3 European conferences in terms of the quality of the papers presented.