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lectur4-page19 - economy was humming along rather nicely...

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By September of 1996, the risk premium charged by Nations Bank (Bank of America today) for 3 year auto loans on new vehicles had decreased to 3.83%. This decrease in the risk premium for these loans was probably due to the fact that the
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Unformatted text preview: economy was humming along rather nicely without any fears of inflation. Unemployment rates were continuing to trend down, bankruptcy filings were not nearly as worrisome, and the bank perceived less overall risk in lending money. 19...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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