The interest rates on credit cards in Israel are relatively low in comparison to other countries and the interest rates on overdrafts and revolving credit in Israel are similar to those in other countries.
I am looking forward to taking home new insights on this subject, and, as Chair of the Committee on the Global Financial System co-hosting this conference, I would be happy if you could do the same. The aim of this series of conferences is to enhance our understanding of the mechanism through which a systemic shock is generated and transmitted.