Why interest rate caps impair the social contract of banking

Reading Time: 5 minutesGlobal banking, both as a profession and as an ecosystem, changed materially post-2008 financial crisis leading up to the global economic travesty of 2009 and 2010. However, given the transmission channels of the crisis to emerging markets, particularly sub-Saharan Africa (“SSA”) were largely muted, SSA charted a path unfettered by the events of Wall Street …

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