Faculty News
Professor Kim Schoenholtz's blog post on peer-to-peer lending is highlighted
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Excerpt from TechCrunch -- "An article by Stephen Cecchetti and Kermit Schoenholtz analyzes the relationship between credit card default rates and unemployment rates. As expected, the article suggests a strong dependency — default rates are expected to increase by 0.55 percent for each 1 percent growth in unemployment."
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