摘要：Economists have been interested of the demand and supply of household credit for many decades. However the volume of literature on these topics has expanded especially rapidly since the 1980’s. The interest has been stimulated by developments in both micro and macro economics – the credit channel of the transmission mechanism (Bernanke and Blinder1988), Hall’s (1978) modelling of the micro economic theory of the consumer using Euler equations and Stiglitz and Weiss’ (1981) analysis of credit constraints. Moreover whilst most empirical work using micro data has related to the US, studies using microdata have also been carried out for Italy and to a smaller extent for the UK. Within Europe the EU is currently discussing Europe-wide regulations for the consumer credit market. However there has been no review of the comparative results of studies which have examined the demand and supply of credit across countries. It is therefore an opportune time to prepare such a comparison, which is the aim of this paper.
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