Among other common forms of government financial control, caps on interest rates have been declining over the past several decades as most industrialized countries and a rising number of developing countries continue liberalizing their financial policies. However, in several countries the last financial crisis reopened the debate on interest rate controls as a tool for consumer protection. This paper undertakes a stock-taking exercise to determine...
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2014/10/01
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Documento de trabalho sobre pesquisa de políticas
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WPS7070
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1
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1
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2014/10/01
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Disclosed
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Interest rate caps around the world: still popular, but a blunt instrument
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interest rate cap
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