Lecture Usury laws in Peru: What was the impact of their repeal? Add to calendar 2021-11-11 17:00 2021-11-11 18:15 Europe/Rome Usury laws in Peru: What was the impact of their repeal? Via Zoom YYYY-MM-DD Print Share on Facebook Share on X Share on LinkedIn Send by email When 11 November 2021 17:00 - 18:15 CET Where Via Zoom Organised by Department of History Online lecture with Luis Felipe Zegarra, in the framework of the project "Colonial legacies, invisible institutions, and financial markets in Latin America (and beyond)." Usury laws were repealed in the early 1830s, a few years after Independence. Usury laws made it illegal to charge above 6% per year. With the repeal of usury laws, lenders loaned money freely without interest controls. As a consequence, interest rates increased. As expected, lenders took greater risks. In particular, maturities increased; in addition, more frequently, loans were made to people who were not members of the elite. Contact(s): Fabrizio Borchi (EUI - Department of History and Civilization) Scientific Organiser(s): Inigo Ena Sanjuan (EUI) Regina Grafe (University of Cambridge) Speaker(s): Luis Felipe Zegarra (Pontificia Universidad Catolica del Peru)