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The growth of consumer credit in Asia

Author

Listed:
  • He, Dong
  • Yao, Effie
  • Li, Kim-hung

Abstract

Consumer credit has shown strong growth in emerging and newly industrialised Asian economies in recent years. While credit card lending has helped smooth consumer spending and improved the profitability of financial institutions, it also represents a new source of risk. Preventing financial and macroeconomic instability associated with consumer lending requires policy makers to be confident that lenders have proper risk management systems in place and consumers have sustainable debt burdens. Public policy also needs to ensure that essential infrastructure for consumer credit is available and set up properly, such as credit information bureaux and personal debt workout systems.

Suggested Citation

  • He, Dong & Yao, Effie & Li, Kim-hung, 2005. "The growth of consumer credit in Asia," MPRA Paper 9442, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:9442
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    File URL: https://mpra.ub.uni-muenchen.de/9442/1/MPRA_paper_9442.pdf
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    More about this item

    Keywords

    Asia; Consumer credit; financial services industry;

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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