Economic Insights — If a credit history is necessary to get credit, and credit is needed to build a credit history, where does this leave new borrowers? This article explains how lenders may look beyond repayment history to give new borrowers access to credit.
WP 22-06 – This paper analyzes how bank regulation that promotes greater access to credit impacts the financing of targeted small firms.
WP 22-03 – This paper uses a unique data set of local governments’ bond issuance, expenditure, and employment to study the impact of the monoline insurance industry’s demise on local governments’ operations.
DP 22-01 – In response to the economic hardships stemming from COVID-19, many U.S. card-issuing banks offered measures to assist their customers who were financially affected by the pandemic.