Berlinger, Edina; Kerényi, Péter; Tóth, Fanni - 2022
In Hungary, interest rates on student loans are far below government bond yields, which creates a unique arbitrage … to arbitrage. Risk appetite and information are also positively related to borrowing and investment. Paradoxically, most … of the students (67) do not arbitrate for fear of debt, even if the debt is just an element of the riskless arbitrage …