Neither a Borrower nor a Lender Be: An Economic Analysis of Interest Restrictions and Usury Laws
收藏NBER1994-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4954
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资源简介：
Interest rate restrictions are among the most pervasive forms of economic regulations. This paper explains that these restrictions can be explained as a means of primitive social insurance. Interest rate limits are Pareto improving because agents borrow when they have temporary negative income
提供机构：
美国国家经济研究局
创建时间：
1994-12-01
