Matches in SemOpenAlex for { <https://semopenalex.org/work/W2103242720> ?p ?o ?g. }
Showing items 1 to 73 of
73
with 100 items per page.
- W2103242720 abstract "Critics of fringe banking - products like payday loans, pawn loans, and rent-to-own leases - frequently argue that using these products causes borrowers to experience financial distress. This argument has enormous intuitive appeal: Fringe credit is very costly, and usually the borrowers who are forced to use it are already in a serious financial bind. Taking on additional debt and paying high costs for it, the reasoning goes, drives them over the brink. Surprisingly, however, linking financial distress to fringe banking is extremely difficult to do. This Article represents the first attempt to uncover the relationship between fringe banking and financial distress by systematically analyzing the structure of fringe credit markets and characteristics of specific fringe credit transactions. Contrary to the assumptions made by the bulk of the literature, I argue that the link between fringe banking and financial distress is dubious. Because fringe creditors cannot rely on borrowers’ credit scores to predict whether they will be repaid, creditors structure fringe credit products to virtually guarantee repayment. Because repayment is guaranteed by the structure of the transaction, it is nearly impossible for borrowers to take on unmanageable debt loads. Yet, a significant amount of regulatory intervention into fringe banking markets is premised upon the relationship between fringe banking and financial distress. Policymakers lump fringe credit together with other forms of credit that do cause financial distress, resulting in misguided and overly broad policies. The Article concludes by exploring the policy implications of determining that fringe banking products do not cause distress." @default.
- W2103242720 created "2016-06-24" @default.
- W2103242720 creator A5037221927 @default.
- W2103242720 date "2010-02-18" @default.
- W2103242720 modified "2023-09-25" @default.
- W2103242720 title "Regulating on the Fringe: Reexamining the Link Between Fringe Banking and Financial Distress" @default.
- W2103242720 hasPublicationYear "2010" @default.
- W2103242720 type Work @default.
- W2103242720 sameAs 2103242720 @default.
- W2103242720 citedByCount "0" @default.
- W2103242720 crossrefType "posted-content" @default.
- W2103242720 hasAuthorship W2103242720A5037221927 @default.
- W2103242720 hasConcept C10138342 @default.
- W2103242720 hasConcept C120527767 @default.
- W2103242720 hasConcept C139265228 @default.
- W2103242720 hasConcept C144133560 @default.
- W2103242720 hasConcept C159091798 @default.
- W2103242720 hasConcept C162324750 @default.
- W2103242720 hasConcept C185592680 @default.
- W2103242720 hasConcept C18903297 @default.
- W2103242720 hasConcept C199360897 @default.
- W2103242720 hasConcept C2984760201 @default.
- W2103242720 hasConcept C41008148 @default.
- W2103242720 hasConcept C55493867 @default.
- W2103242720 hasConcept C556758197 @default.
- W2103242720 hasConcept C73283319 @default.
- W2103242720 hasConcept C75949130 @default.
- W2103242720 hasConcept C86803240 @default.
- W2103242720 hasConcept C98184364 @default.
- W2103242720 hasConceptScore W2103242720C10138342 @default.
- W2103242720 hasConceptScore W2103242720C120527767 @default.
- W2103242720 hasConceptScore W2103242720C139265228 @default.
- W2103242720 hasConceptScore W2103242720C144133560 @default.
- W2103242720 hasConceptScore W2103242720C159091798 @default.
- W2103242720 hasConceptScore W2103242720C162324750 @default.
- W2103242720 hasConceptScore W2103242720C185592680 @default.
- W2103242720 hasConceptScore W2103242720C18903297 @default.
- W2103242720 hasConceptScore W2103242720C199360897 @default.
- W2103242720 hasConceptScore W2103242720C2984760201 @default.
- W2103242720 hasConceptScore W2103242720C41008148 @default.
- W2103242720 hasConceptScore W2103242720C55493867 @default.
- W2103242720 hasConceptScore W2103242720C556758197 @default.
- W2103242720 hasConceptScore W2103242720C73283319 @default.
- W2103242720 hasConceptScore W2103242720C75949130 @default.
- W2103242720 hasConceptScore W2103242720C86803240 @default.
- W2103242720 hasConceptScore W2103242720C98184364 @default.
- W2103242720 hasLocation W21032427201 @default.
- W2103242720 hasOpenAccess W2103242720 @default.
- W2103242720 hasPrimaryLocation W21032427201 @default.
- W2103242720 hasRelatedWork W1433506838 @default.
- W2103242720 hasRelatedWork W1564436434 @default.
- W2103242720 hasRelatedWork W1592790644 @default.
- W2103242720 hasRelatedWork W1593632478 @default.
- W2103242720 hasRelatedWork W192785761 @default.
- W2103242720 hasRelatedWork W2081057371 @default.
- W2103242720 hasRelatedWork W2118811789 @default.
- W2103242720 hasRelatedWork W2498159655 @default.
- W2103242720 hasRelatedWork W2505266522 @default.
- W2103242720 hasRelatedWork W2585131819 @default.
- W2103242720 hasRelatedWork W2768566003 @default.
- W2103242720 hasRelatedWork W3004941297 @default.
- W2103242720 hasRelatedWork W3122839922 @default.
- W2103242720 hasRelatedWork W3123500154 @default.
- W2103242720 hasRelatedWork W3124101396 @default.
- W2103242720 hasRelatedWork W3125038737 @default.
- W2103242720 hasRelatedWork W3148654447 @default.
- W2103242720 hasRelatedWork W334865617 @default.
- W2103242720 hasRelatedWork W77558983 @default.
- W2103242720 hasRelatedWork W2420732371 @default.
- W2103242720 isParatext "false" @default.
- W2103242720 isRetracted "false" @default.
- W2103242720 magId "2103242720" @default.
- W2103242720 workType "article" @default.