The Effects of Lowering the Statutory Maximum Interest Rate on Non-bank Credit Loans
This paper analyzes the effects of the cut in the legal maximum interest rate (from 27.4% to 24%) that occurred in February of 2018 on loan interest rates, the default rates, and the loan approval rate of borrowers in the non-banking sector. We use the difference-in-difference identification strateg...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2022-08-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://kdijep.org/v.44/3/1/The+Effects+of+Lowering+the+Statutory+Maximum+Interest+Rate+on+Non+bank+Credit+Loans |