Interest Rate Caps and Bank Loan Supply: Locking out the Small Borrower in the Great Depression
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下载链接：
https://www.nber.org/papers/w34277
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资源简介：
We examine the effects of changes in an interest rate cap on small loan brokers in New Jersey during the Great Depression. Using newly constructed data on brokers and banks, we find that small loans declined sharply when the cap was lowered, and despite worsening economic conditions, they rebounded
提供机构：
美国国家经济研究局
创建时间：
2025-09-01
