St.Petersburg Economic seminar (HSE, EU, PDMI) on June, 22: Mikhail Sokolov (EU)
Title: A usury law: a clarification
Speaker: Mikhail Sokolov (EU)
Date & Time: June,22; 18:00 - 19:00
Where: Gagarin Hall of EU
Time: 18:00 - 19:00
Abstract: The national legislation of some countries prohibits to lend money at a usurious effective rate. How to interpret this provision for loans whose cash flow stream have no internal rate of return? In this talk, we show how to extend the statement of this provision to all loans.
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