Kim, Meeroo - In: KDI Journal of Economic Policy 44 (2022) 3, pp. 1-26
This paper analyzes the effects of the cut in the legal maximum interest rate (from 27.4% to 24%) that occurred in February of 2018 on loan interest rates, the default rates, and the loan approval rate of borrowers in the non-banking sector. We use the difference-in-difference identification...
