Consumer credit in Europe : macro- and microeconomic perspectives / / Maria Lissowska

• Record Nr.: UNINA9910510581103321
• Autore: Lissowska Maria
• Pubbl/distr/stampa: Cham, Switzerland : , : Palgrave Macmillan, , [2021]; ©2021
• ISBN: 9783030882310; 9783030882303
• Descrizione fisica: 1 online resource (136 pages)
• Disciplina: 330.90511
• Soggetti: Global Financial Crisis, 2008-2009; COVID-19 Pandemic, 2020-; Consumer credit
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- Acknowledgements -- Contents -- About the Author -- List of Graphs -- List of Tables -- 1 Introduction -- 2 Trends and Role of Consumer Credits in the European Economy -- 2.1 Statistics on the Growth of Consumer Credits in the Period 1995-2019 in EU Member States -- 2.2 Reasons for the Differentiated Dynamics of Consumer Credits in the Last 20 years -- 2.3 Role of Consumer Credits at the Macroeconomic Level in Europe -- 2.4 The Particular Case of Consumer Credits in Post-transition Countries -- 2.5 Impact of COVID-19 on Consumer Credit -- 2.6 Conclusion: Impact of Consumer Credits on Growth and on Stability -- Bibliography -- 3 The Changing Landscape of Providing Consumer Credit -- 3.1 Factors Influencing Recent Changes in the Consumer Credit Landscape -- 3.2 Assessment of the Size of Digital Activity in Providing Consumer Credits -- 3.3 New Business Models, Opportunities and Risks for Consumers and Providers -- General Factors-Technology -- Legal Environment -- Types of Credits and Selling Channels -- Profiling and Personalization -- Changes in the Process of Providing Financial Products -- Consumer Protection Issues -- 3.4 Changes in Structures: Cooperation or Competition Between Incumbent and New Providers? -- ; 3.5 Conclusion -- References -- 4 Regulatory Framework of the Consumer Credits Market in Europe -- 4.1 Legal Framework of the Functioning of the Market -- 4.2 Specificity of Financial Law Protecting Consumers -- Reasons for Consumer Protection -- Potential Reasons for Non-compliance: Balance of Costs and Benefits -- 4.3 European Legislation Protecting Consumers When Taking Consumer Credit -- History of Consumer Credit Directive -- The Contents of Consumer Credit Directive -- Level of Compliance with CCD -- 4.4 Other Legislation Protecting European Consumers When Taking Consumer Credit -- Mortgage Credits Directive.; Distance Marketing of Financial Services Directive -- Unfair Contract Terms Directive -- Unfair Commercial Practices Directive -- 4.5 Further Legislative Changes -- Review of CCD -- Possible Review of DMFSD -- Review of MCD -- 4.6 Conclusion -- References -- 5 Inequalities and Use of Financial Products in Comparison with the Concept of the Life Cycle of a Household -- 5.1 Introduction -- 5.2 Basic Life Cycle Theory and Further Developments -- 5.3 Recent Development of Inequality and Its Impact on Financial Decisions of Households -- 5.4 Evidence on the Financial Decisions of Households from Eurosystem Household Finance and Consumption Survey -- General Features of the Survey -- Savings and Financial Assets -- Credits -- Back to Lifetime Hypothesis -- 5.5 Conclusion -- References -- 6 Conclusion -- Glossary -- Index.