Prof. Michael Haliassos in the "Journal of Monetary Economics" zum Finanzverhalten nach der Wiedervereinigung

When a wide range of financial products is suddenly available and expert support is on hand, consumers take advantage of this offer. This is the conclusion reached by IMFS Research Professor Michael Haliassos and Prof. Nicola Fuchs-Schündeln in a paper now published in the Journal of Monetary Economics.

In the article, Haliassos and Fuchs-Schündeln analyze the behavior of East Germans after the German reunification. They find that East participation jumped to the same or higher level than that of West counterparts. For consumer debt, the level was even higher.

Journal of Monetary Economics, Vol. 117
Jan. 2021, p.671-688
Participation following sudden access