The Effects of the COVID-19 Shutdown on the Consumer Credit Card Market: Revolvers versus Transactors

Robert M. Adams and Vitaly M. Bord
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Robert M. Adams: https://www.federalreserve.gov/econres/robert-m-adams.htm
Vitaly M. Bord: https://www.federalreserve.gov/econres/vitaly-m-bord.htm

No 2020-10-21-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The consumer credit card market has experienced dramatic, unprecedented changes in the wake of the COVID-19 shutdown of the U.S. economy. Revolving credit in the G.19 Consumer Credit statistical release fell by an annualized rate of 32 percent in the second quarter of 2020.

Date: 2020-10-21
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-10-21-1

DOI: 10.17016/2380-7172.2792

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