上限金利規制強化が借手に与える影響 : 消費者の最適な消費選択を考慮に入れて

概要

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Heavy debtors and suicide victims have been increasing in Japan. Some of these have excessive debts, it is multiple consumer loans. So Japanese National Diet cleared a bill bringing down the maximum allowable interest rate to 20%. But a basic problem of these heavily indebted people is that they borrow money too much to repay. We investigate rate of time preference of these people with hyperbolic discounting effect. And we suggest a situation when people need to take out consumer loans. This paper also considers the reducing interest rate causes consumer finance market to shrink. We also analyze consumer finance company by using Stiglitz and Weiss (1981) model. We argue that the small and medium size companies face a difficulty because of cutting interest rate.
関西学院大学の論文