More Data, More Credit? Information Sharing and Bank Credit to Households

Tamas Briglevics, Artashes Karapetyan, Steven Ongena and Ibolya Schindele
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Tamas Briglevics: Boston College; Federal Reserve Bank of Boston
Artashes Karapetyan: ESSEC Business School
Ibolya Schindele: Central European University; Corvinus University of Budapest; Central Bank of Hungary

No 24-84, Swiss Finance Institute Research Paper Series from Swiss Finance Institute

Abstract: We exploit a nationwide introduction of mandatory disclosure of borrowers’ total credit exposures and show that sharing such information increases credit access independent of borrowers’ history. Differentiating between borrowers applying to competitor banks and those reapplying to their current banks, as well as between borrowers with and without default history, we find an overall increase in credit access measured by both loan application acceptance and credit amount. While credit access increases, default rates decrease, generating an increase in aggregate welfare.

Keywords: Information sharing; Bank lending; Household access to credit (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2024-04
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Persistent link: https://EconPapers.repec.org/RePEc:chf:rpseri:rp2484

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