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Consumer credit during the crisis: evidence from contracts

Author

Listed:
  • Pierpaolo Cristaudo
  • Silvia Magri
  • Raffaella Pico
  • Maria Giovanna Zavallone

    (Bank of Italy)

Abstract

The study analyses trends in the market for consumer credit during the crisis, relying on data by CRIF referring to demand for personal and special-purpose loans and to contracts signed between 2007 and 2013 in Italy (55 and 37 million respectively). The analysis shows how the sharp reduction in durable consumption has been associated with a decrease in demand for loans, with the exception of contracts for small amounts (

Suggested Citation

  • Pierpaolo Cristaudo & Silvia Magri & Raffaella Pico & Maria Giovanna Zavallone, 2014. "Consumer credit during the crisis: evidence from contracts," Questioni di Economia e Finanza (Occasional Papers) 234, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_234_14
    as

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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2014-0234/QEF-234.pdf
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    References listed on IDEAS

    as
    1. Concetta Rondinelli, 2014. "On the Structure of Italian Households: Consumption Patterns During the Recent Crises," Politica economica, Società editrice il Mulino, issue 2-3, pages 235-260.
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    Cited by:

    1. Tullio Jappelli & Immacolata Marino & Mario Padula, 2014. "Households' Saving and Debt in Italy," Politica economica, Società editrice il Mulino, issue 2-3, pages 175-202.
    2. Silvia Magri, 2018. "Are lenders using risk-based pricing in the consumer loan market? The effects of the 2008 crisis," Temi di discussione (Economic working papers) 1164, Bank of Italy, Economic Research and International Relations Area.

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    More about this item

    Keywords

    consumer credit; supply and demand; risk indicators;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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