Patti, Emilia Bonaccorsi di - Banca d'Italia - 2009
This paper analyzes the relationship between the terms on bank loans and local crime rates, employing a sample of over … crime rate is higher borrowers pay higher interest rates, pledge more collateral, and resort less to asset-backed loans and … more to revolving credit lines than borrowers in low-crime areas. The evidence also suggests that access to credit is …