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World has been witnessing financial crisis, emanating from the financial sector every now and then. Failed banks of bankrupt financial firms are being regularly bailed out, creating moral hazard problem and adversely affecting the health of the entire financial sector of the globe. This paper...
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growth rates are low. Data from U.S. states' regulations supports a connection between inequality and usury laws. The history … of usury laws suggests that this social insurance mechanism is one reason why usury laws persist, but it also suggests … that usury laws have had different functions across time (eg. rent-seeking, limiting agency problems within the church …
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