Usury Laws
A legal and economic Evaluation of Interest Rate Restrictions in the European Union
Usury is the historical denomination of interest rate restrictions. The principle of Usura in the Roman ius communis as well as in canonic law started from the assumption that money lent from others should not bear interest. This is because unless the creditor could prove that the withhold of money caused him damage, money could not create fruits. While the upcoming trade economy developed the idea that the elapsed time between the claim and its fulfillment should be priced with interest, a second principle of interest limitation became important: the laesio enormis: interest rates should be limited to the double of the average. Since consume…
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Produktdetails
Weitere Autoren: Schröder, Michael (Hrsg.)
- ISBN: 978-3-8482-4245-0
- EAN: 9783848242450
- Produktnummer: 15291957
- Verlag: Books on Demand
- Sprache: Englisch
- Erscheinungsjahr: 2012
- Seitenangabe: 500 S.
- Plattform: EPUB
- Masse: 7'831 KB
- Auflage: 1. Auflage
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