The Premium for Risk as a Determinant of Interest Rates in Underdeveloped Rural Areas
The Quarterly Journal of Economics · 1963 · Volume 77 · Issue 4
Abstract
Introduction, 637. — I. Secured loans, 638; the marketability of collateral, 639; movements in the market value of collateral, 639. — II. Unsecured loans, 641; willingness to repay, 642; ability to repay, 643. — III. Conclusions, 646.
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