Interest Rate Caps around the World : Still Popular, but a Blunt Instrument

Among other common forms of government financial control, caps on interest rates have been declining over the past several decades as most industrialized countries and a rising number of developing countries continue liberalizing their financial po...

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Bibliographic Details
Main Authors:	Maimbo, Samuel Munzele, Henriquez Gallegos, Claudia Alejandra
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTING ADMINISTRATIVE FEES ADVISORY SERVICES ANNUAL INTEREST RATE ANNUAL INTEREST RATES ANNUAL PERCENTAGE RATE APR AVAILABILITY OF CREDIT AVERAGE INTEREST AVERAGE INTEREST RATE AVERAGE INTEREST RATES BANK ACCOUNTS BANK ASSET BANK COMPETITION BANK LENDING BANK LOANS BANKING SYSTEM BANKS BOND BOND RATES BORROWING BUSINESS TRANSACTIONS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL CREDIT COMMERCIAL LENDING COMMERCIAL LOANS COMMERCIAL TRANSACTIONS CONSUMER CREDIT CONSUMER CREDITS CONSUMER FINANCIAL LITERACY CONSUMER LITERACY CONSUMER LOANS CONSUMER ORGANIZATIONS CONSUMER PROTECTION CONTRIBUTION COST OF CREDIT CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT INSTITUTIONS CREDIT MARKET CREDIT PROVIDER CREDIT PROVIDERS CREDIT TRANSACTIONS CREDIT UNION CREDIT UNIONS CREDITOR CREDITORS CREDITS CREDITWORTHINESS CROP INSURANCE CURRENCY CURRENT ACCOUNT CURRENT INTEREST RATE DEBT DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT BANKS EDUCATED CONSUMER EDUCATIONAL LEVEL EMPLOYERS EXCESSIVE INTEREST RATES EXPLOITATION FAIR TRADING FARMERS FINANCIAL ACCESS FINANCIAL CONSUMER FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL EDUCATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL LITERACY INITIATIVES FINANCIAL LITERACY PROGRAMS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL MATTERS FINANCIAL POLICIES FINANCIAL PRODUCTS FINANCIAL REFORMS FINANCIAL REGULATOR FINANCIAL REGULATORS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTOR INDICATORS FINANCIAL SECTOR POLICY FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL SERVICES INDUSTRY FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FORMAL CREDIT FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FORMAL LOANS GOVERNMENT POLICIES HIGH INTEREST RATE HIGH INTEREST RATES HOUSEHOLDS HOUSING LOANS INDEBTEDNESS INFORMAL FINANCIAL INSTITUTIONS INFORMATION ASYMMETRIES INPUT PRICES INSTRUMENT INTEREST RATE INTEREST RATE CAP INTEREST RATE CAPS INTEREST RATE CEILING INTEREST RATE CEILINGS INTEREST RATE CONTROL INTEREST RATE CONTROLS INTEREST RATE REGIMES INTEREST RATE RESTRICTIONS INTEREST RATES INTEREST RATES ON LOANS INTERNATIONAL BANK INTERNATIONAL FINANCE INVESTMENT RESOURCES LENDER LENDERS LIFE INSURANCE LOAN LOAN APPLICATIONS LOAN CONTRACT LOAN SIZE LOAN TERMS LOCAL CURRENCY LOW-INCOME LOW-INCOME BORROWERS LOW-INCOME CONSUMERS LOW-INCOME PEOPLE LOWER INTEREST RATE LOWER INTEREST RATES LOWER-INCOME HOUSEHOLDS MARKET COMPETITION MARKET FAILURE MARKET FAILURES MASS MEDIA MEDIUM ENTERPRISES MFI MFIS MICRO-ENTREPRENEURS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LOANS MONEY LENDING MONEY MANAGEMENT MONEYLENDERS MORAL HAZARD NEW MARKETS NOMINAL INTEREST RATE NOMINAL INTEREST RATES OFFICE OF FAIR TRADING OPERATIONAL COSTS OUTSTANDING BALANCE OVERDRAFTS PAYDAY LENDERS PAYDAY LOANS PERSONAL FINANCIAL INFORMATION PREDATORY LENDING PRIVATE CREDIT PROBABILITY PRODUCTIVITY REGULATORY AUTHORITY RESERVE BANK RISK MANAGEMENT SAVINGS SAVINGS ACCOUNTS SAVINGS INSTITUTIONS SAVINGS OPTIONS SHORT-TERM LENDING SMALL ENTERPRISES SMALL LOANS SOCIAL HOUSING SOURCES OF CREDIT SOURCES OF FINANCE SUPPLY OF CREDIT TOTAL COST TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPARENCY OF INFORMATION TRUE COST TYPES OF CONSUMER UNION UNSECURED LOANS USURY USURY CEILINGS USURY LAW USURY LAWS WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2014/10/20303403/interest-rate-caps-around-world-still-popular-blunt-instrument http://hdl.handle.net/10986/20494