Nguyen, Thanh Cong; Bermpei, Theodora; Kalyvas, … - 2022
This paper examines the impact of economic freedom on the cost of bank loans using a sample of 30,644 bank-loan observations in 50 US states over the period 1991–2018. We find that greater economic freedom has been consistently linked to lower loan spreads. Digging deeper into the components...