The Austrian Central Bank funds Florian Exler's (link: https://sites.google.com/site/floexler) research on Financial Mistakes and Credit Market Regulation.
Since financial contracts can be complicated, consumers might not fully understand them and make financial mistakes. How do these mistakes affect welfare and efficiency? Could a regulator improve outcomes? To answer these questions, Florian Exler in collaboration with Gyöngyi Lóránth (link: https://homepage.univie.ac.at/gyoengyi.loranth/) and Alexander Hansak (link: https://homepage.univie.ac.at/alexander.hansak/) will develop a novel structural framework of financial mistakes in consumer credit markets. After estimating their framework, they will use it to evaluate recent and potential new credit market reforms.
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Florian Exler
10.01.2022
