Staff working papers
Lines of Credit and Consumption Smoothing: The Choice between Credit Cards and Home Equity Lines of CreditThe author models the choice between credit cards and home equity lines of credit (HELOCs) within a framework where consumers hold lines of credit as instruments of consumption smoothing across state and time.
Determinants of Borrowing Limits on Credit CardsThe difference between actual borrowings and borrowing limits alone generates information asymmetry in the credit card market.
Bank of Canada Review articles
June 17, 2008