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Dempsey et al., 2021 - Google Patents

Lending standards and borrowing premia in unsecured credit markets

Dempsey et al., 2021

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Document ID
1064621205898326835
Author
Dempsey K
Ionescu A
Publication year

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Snippet

Using administrative data from Y-14M and Equifax, we find evidence for large spreads in excess of those implied by default risk in the US unsecured credit market. These borrowing premia vary widely by borrower risk and imply a nearly flat relationship between loan prices …
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