{"id":{"repo_id":"bielefeld","oai_identifier":"oai:pub.uni-bielefeld.de:2960728"},"canonical_url":"https://search.dev.ndltd.org/etd/bielefeld/oai:pub.uni-bielefeld.de:2960728","repository":{"repo_id":"bielefeld","name":"Universität Bielefeld","base_url":"https://pub.uni-bielefeld.de/oai"},"display":{"title":"Household credit: Regulation, constraints and macroeconomic implications","abstract":"Household credit is an ever-expanding part of modern financial systems with immediate real effects. This thesis addresses the consequences of regulatory measures on household credit markets. In Chapters 1 and 2, the personal bankruptcy institution of the type found in the United States is studied from a theoretical perspective. In the first chapter, personal bankruptcy is shown to imply efficiency of government debt as a tool for redistributing resources between generations. In the second chapter, personal bankruptcy is found to cause long-run macroeconomic instability only if it is associated with asset bubbles. Chapter 3 studies interest rate restriction policy from an empirical point of view, using administrative data on housing loans in France. This regulation is found to cause a shift in the supply of credit towards short-term loans.","abstract_html":"Household credit is an ever-expanding part of modern financial systems with immediate real effects. This thesis addresses the consequences of regulatory measures on household credit markets. In Chapters 1 and 2, the personal bankruptcy institution of the type found in the United States is studied from a theoretical perspective. In the first chapter, personal bankruptcy is shown to imply efficiency of government debt as a tool for redistributing resources between generations. In the second chapter, personal bankruptcy is found to cause long-run macroeconomic instability only if it is associated with asset bubbles. Chapter 3 studies interest rate restriction policy from an empirical point of view, using administrative data on housing loans in France. This regulation is found to cause a shift in the supply of credit towards short-term loans.","abstract_has_math":false,"creators":["Eryzhenskiy, Ilya"],"institution":"Universität Bielefeld","degree_name":null,"degree_level":"thesis.doctoral","degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2021,"date_issued":"2021-02-24","date_published":"2021-02-24","updated_at":"2026-07-27T18:50:09Z","subjects":[],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://pub.uni-bielefeld.de/record/2960728","outbound_label":"Repository record","outbound_source":"source_url"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:creator","label":"Author","values":["Eryzhenskiy, Ilya"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:publisher","label":"Institution","values":["Universitätsbibliothek Bielefeld"]},{"key":"dc:type","label":"Dc Type","values":["doctoralThesis"]},{"key":"thesis:degree_level","label":"Degree Level","values":["thesis.doctoral"]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["Universität Bielefeld"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Household credit is an ever-expanding part of modern financial systems with immediate real effects. This thesis addresses the consequences of regulatory measures on household credit markets. In Chapters 1 and 2, the personal bankruptcy institution of the type found in the United States is studied from a theoretical perspective. In the first chapter, personal bankruptcy is shown to imply efficiency of government debt as a tool for redistributing resources between generations. In the second chapter, personal bankruptcy is found to cause long-run macroeconomic instability only if it is associated with asset bubbles. Chapter 3 studies interest rate restriction policy from an empirical point of view, using administrative data on housing loans in France. This regulation is found to cause a shift in the supply of credit towards short-term loans."]},{"key":"dc:format.medium","label":"Dc Format Medium","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Household credit: Regulation, constraints and macroeconomic implications"]}]}],"canonical_facts":{"dc:creator":["Eryzhenskiy, Ilya"],"dc:description.abstract":["Household credit is an ever-expanding part of modern financial systems with immediate real effects. This thesis addresses the consequences of regulatory measures on household credit markets. In Chapters 1 and 2, the personal bankruptcy institution of the type found in the United States is studied from a theoretical perspective. In the first chapter, personal bankruptcy is shown to imply efficiency of government debt as a tool for redistributing resources between generations. In the second chapter, personal bankruptcy is found to cause long-run macroeconomic instability only if it is associated with asset bubbles. Chapter 3 studies interest rate restriction policy from an empirical point of view, using administrative data on housing loans in France. This regulation is found to cause a shift in the supply of credit towards short-term loans."],"dc:format.medium":["application/pdf"],"dc:publisher":["Universitätsbibliothek Bielefeld"],"dc:title":["Household credit: Regulation, constraints and macroeconomic implications"],"dc:type":["doctoralThesis"],"thesis:degree_level":["thesis.doctoral"],"thesis:institution_name":["Universität Bielefeld"]},"updated_at":"2026-07-27T18:50:09Z"}