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Fair Interest rates when lending to the poor:
Hudon, Marek
Hudon, Marek
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n2008_C_Hudon_marek.pdf
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Abstract
The topic of fair prices has recently been addressed in debates concerning fair trade or fair wages. This paper addresses this issue by examining fairness in terms of giving credits to the poor. It begins by analysing a few definitions of fair interest rates and then goes on to determine what a ‘just’ range in terms of price might be. In so doing we shall examine the major constraints and the methodology that goes into assessing the fairness of the distribution of credit. Our inquiry will base itself on bargaining theory and look at how credit should function fairly within imperfect markets. Given this approach we shall then aim to present a particular contractarian view of this credit problem. In doing so we will look to merge both the ethical and market based concerns that haunt this issue.
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2008
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With permission of the license/copyright holder