As the rising prices subsided and you may rates fell, the higher rate ceilings facilitated extended availability of credit to help you riskier users
Sources: (Basic line) Smith (1967); (next column) American Economic Characteristics Relationship, Survey of User People, authors’ calculations; (3rd line) Government Put aside Board, Survey regarding Financial institutions, authors’ computations. The fresh new most likely name to readiness getting fund regarding the dimensions would getting 12 months Dining table step one …