Banks, insurance companies, and discrimination
AbstractThis article examines some of the reasons why banks and insurance companies have been accused of discrimination, and shows that this is by and large a false accusation. Economic analysis demonstrates that racial discrimination is not a profit-maximizing strategy. Actually, unwise public policies are actually precluding many consumers from the market.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 26035.
Date of creation: Sep 2008
Date of revision:
Publication status: Published in Business and Society Review 7.35(2008): pp. 403-419
redlining; financial regulation; unintended consequences;
Find related papers by JEL classification:
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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