Macroeconomic factors, consumer behavior, and bankcard default rates |
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Authors: | Terrance Grieb Charles Hegji Steven T Jones |
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Institution: | (1) The University of Idaho, Idaho, USA;(2) Auburn University Montgomery, Montgomery, Alabama, USA;(3) School of Business, Samford University, Birmingham, Alabama, USA |
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Abstract: | Over the period from 1981 through 1999, we investigate the relationship between bankcard delinquencies and key macroeconomic
variables. Changes in the proportion of accounts in default are statistically related to the consumer debt ratio. When the
delinquency rate is calculated based on the number of dollars outstanding, it is related to the total amount of revolving
debt. We also find evidence consistent with a pattern of selective default behavior, in which consumers will default on bankcard
debt before defaulting on other types of installment loans. |
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Keywords: | |
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