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Posts Tagged ‘credit institutioins’
Jared Rubin on Religion & Credit Risk in the Ottoman Empire
When it comes to gaining access to cheap financial credit, we normally assume that the economic, political, and cultural elite in society will have a better chance at obtaining favorable loans. However, during the late Ottoman Empire, the wealthy, males, and Muslims were considered to be higher credit risks than the poor, females, and non-Muslims. Prof. Jared Rubin of Chapman University explains why this is, referencing a fascinating historical study he conducted with Prof. Timur Kuran (another frequent guest on our podcast). Visit us at Facebook and Twitter for updates and nifty photos to share with your friends! [ READ THE FULL ARTICLE ] |
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