Once the rising cost of living subsided and you can rates decrease, the better rate ceilings facilitated expanded supply of borrowing to help you riskier users
Once the rising cost of living subsided and you can rates decrease, the better rate ceilings facilitated expanded supply of borrowing to help you riskier users
Sources: (Basic column) Smith (1967); (second line) Western Monetary Qualities Association, Questionnaire out-of User Enterprises, authors' data; (3rd line) Federal Put aside Board, Survey regarding Finance companies, authors' data. Table...
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