Household Debt, Consumption, and Monetary Policy in Australia

Loukoianova, Elena; Wong, Yu Ching; Hussiada, Ioana

doi:10.2139/ssrn.3397535

Cited by 2 publications

(1 citation statement)

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“…Moreover, some other documents adopted by the Bank of Lithuania regulate the market, namely the Rules for Providing Mandatory Information to Consumer Credit Providers and Mutual Lending Platform Operators to the Bank of Lithuania, (LR Seimas 2012), Consumer Credit Provision Guidelines (Infolex 2015) and the Guidelines for the Advertising of Financial Services (The Central Bank of Lithuania 2012).…”

Section: Growth Trends and Interaction Between The P2p And Banking Se...mentioning

confidence: 99%

Accelerated Growth of Peer-to-Peer Lending and Its Impact on the Consumer Credit Market: Evidence from Lithuania

Taujanskaitė

Milčius

2022

Economies

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The paper analyses development and drivers of accelerated growth of peer-to-peer (P2P) lending in Lithuania and its impact on the consumer credit market with a focus on related sustainability issues. Legislative discrepancies between the P2P and banking segments are analysed and their role in predetermining the different development trends within the segments is highlighted. The research is composed of several steps, where each step analyses a certain problem with the aim to compare the processes in both segments, and is using two different approaches based on macroeconomic data and legislative environment analysis. The applied setup of the research allows for distinguishing and quantitative evaluation of the impact on the segments caused by various internal and external factors, such as macroeconomics, technological advantages of P2P platforms, and discrepancies within business regulation. The obtained results could fill in the scientific literature gaps by providing quantitative evidence of the influence the analysed internal and external drivers have on the growth rate of the consumer credit market segments in Lithuania and how this could affect the performance of the whole market, including its sustainability. Conclusions made could be of interest to researchers and practitioners in other countries too, especially those which have similar legislation and regulations within the consumer credit market. Methods used: a scientific literature analysis and generalisation, comparative analysis, statistical data analysis, correlation–regression analysis, mathematical modelling.

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Section: Growth Trends and Interaction Between The P2p And Banking Se...mentioning

confidence: 99%

Accelerated Growth of Peer-to-Peer Lending and Its Impact on the Consumer Credit Market: Evidence from Lithuania

Taujanskaitė

Milčius

2022

Economies

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The Impact Mechanism of Household Financial Debt on Physical Health in China

Song

et al. 2023

IJERPH

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In recent years, Chinese household financial debt has been growing rapidly due to the expansion of mortgage lending. This study aims to examine the impact mechanism of Chinese household financial debt on physical health. Using the 2010–2018 China Household Tracking Survey (CFPS) panel data, we developed fixed effects models to explore the effect of household financial debt on individuals’ psychical health, and we also used an instrumental variable to address endogeneity. The findings suggest that there is a negative effect of household financial debt on physical health and these findings still hold after a series of robustness tests. In addition, household financial debt can affect individuals’ physical health through mediating variables, such as healthcare behaviors and mental health, and the effects are more significant for those who are middle-aged, married, and with low-income levels. The findings of this paper are important for developing countries to clarify the relationship between household financial debt and population health, and to develop appropriate health intervention policies for highly indebted households.

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Household Debt, Consumption, and Monetary Policy in Australia

Cited by 2 publications

References 0 publications

Accelerated Growth of Peer-to-Peer Lending and Its Impact on the Consumer Credit Market: Evidence from Lithuania

Accelerated Growth of Peer-to-Peer Lending and Its Impact on the Consumer Credit Market: Evidence from Lithuania

The Impact Mechanism of Household Financial Debt on Physical Health in China

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