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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
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Regulation of short-term consumer credits, Journal of Banking Regulation 4 (December) (2019). Takalo, Tuomas

Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Takalo, Tuomas 
Number of authors
Status Published
Year of publication 2019 
Date 08.04.2019 
Name of article Regulation of short-term consumer credits 
Name of journal Journal of Banking Regulation
Volume of issue 20 
Number of issue 4 (December) 
Pages 348-354 
Abstract The regulation of short-term consumer credit markets is heatedly debated around the world. This article uses economic research as a basis for a qualitative assessment of the regulation of the short-term consumer credit market and discusses the experience of the recent regulations implemented in Finland. According to research, the interest rate ceiling is an inefficient way of regulating the short-term consumer credit market. In contrast, the regulations should be based on price transparency and results from behavioral economics.
Free text descriptor in Finnish pankit; sääntely; korot; korkokatto; luotot; kulutusluotot; Suomi; 
Free text descriptor in English Banking regulation, Interest rate caps, Payday lending, Credit markets, Financial stability 
ISSN / e-ISSN 1745-6452 
auki Internet addresses
Additional information First Online: 08 April 2019
Open Access Not open