Collateralized Loans as an Exception to Credit Exclusion
While individuals with limited wealth are often excluded from credit markets, a significant exception exists for loans secured by collateral. For example, mortgages for homes and loans for vehicles are often accessible because the asset being purchased serves as the collateral itself. This mechanism explains why for a large portion of the population, particularly those outside the wealthiest quarter, homes and vehicles represent the vast majority of their held assets.
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Social Science
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Economy
CORE Econ
Economics
Ch.2 User-centered design process - User Experience Design - Winter 23 @ UI Design in UI @ University of Michigan - Ann Arbor
UI Design in UI @ University of Michigan - Ann Arbor
User Experience Design - Winter 23 @ UI Design in UI @ University of Michigan - Ann Arbor
UI @ University of Michigan - Ann Arbor
User Experience Design @ UI Design in UI @ University of Michigan - Ann Arbor
University of Michigan - Ann Arbor
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.9 Lenders and borrowers and differences in wealth - The Economy 2.0 Microeconomics @ CORE Econ
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Collateralized Loans as an Exception to Credit Exclusion
Learn After
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