Results 211 to 220 of about 481,197 (256)
The Near Impossibility of Credit Rationing [PDF]
, 2003 Equilibrium credit rationing in the sense of Stiglitz and Weiss (1981) implies the marginal cost of funds to the borrower is infinite. So borrowers have an overwhelming incentive to cut their loan by a dollar and thereby avoiding being rationed. Ways of doing this include scaling down the project, cutting consumption or infinitesimally delaying the ...
David de Meza, David C. Webb
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2009
This work presents new evidence on the determinants of credit rationing, seeking to discriminate between different theories by nesting them within a general empirical model. We consider determinants related to the demand for loans, the supply side, and institutional and environmental aspects affecting borrowers’ and banks’ behaviour in local credit ...
SILIPO, Damiano Bruno +2 more
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This work presents new evidence on the determinants of credit rationing, seeking to discriminate between different theories by nesting them within a general empirical model. We consider determinants related to the demand for loans, the supply side, and institutional and environmental aspects affecting borrowers’ and banks’ behaviour in local credit ...
SILIPO, Damiano Bruno +2 more
openaire +2 more sources
Saving eliminates credit rationing [PDF]
, 2001 Equilibrium credit rationing, in the sense of Stiglitz and Weiss (1981), implies the borrower faces an infinite marginal cost of funds. Infinitessimily delaying the project to accumulate more wealth is therefore advantageous to the borrower. As a result, the well-known conditions for credit rationing cannot be satisfied.
David C Webb, David De Meza
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Bank Credit Commitments, Credit Rationing, and Monetary Policy
Journal of Money, Credit and Banking, 1994When loan needs are uncertain and bankruptcy is costly, contracts resembling bank credit commitments dominate ordinary debt contracts. The fees charged on commitments reduce bankruptcy risk by smoothing out borrowers' loan payments. Reduced bankruptcy risk entitles borrowers to larger loans, thereby reducing the risk of quantity rationing.
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2008
This thesis focuses on the relationship between credit rationing and collateral value. The thesis is divided into three chapters. In Chapter 1, I make an overview on credit rationing. I emphasize that economists have linked credit rationing to problems of imperfect information (Jaffee and Russell 1976, Stiglitz and Weiss 1981). The interest rate is not
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This thesis focuses on the relationship between credit rationing and collateral value. The thesis is divided into three chapters. In Chapter 1, I make an overview on credit rationing. I emphasize that economists have linked credit rationing to problems of imperfect information (Jaffee and Russell 1976, Stiglitz and Weiss 1981). The interest rate is not
openaire +1 more source
2001
The simple model of monitored finance which is constructed in the first part of this chapter helps to explain several features of a bank-firm relationship. However, the principal intention of this chapter is to give a new explanation for credit rationing by banks.
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The simple model of monitored finance which is constructed in the first part of this chapter helps to explain several features of a bank-firm relationship. However, the principal intention of this chapter is to give a new explanation for credit rationing by banks.
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State ownership and credit rationing: Evidence From China
International Review of Economics and Finance, 2023exaly
Asymmetric information, credit rationing and investment [PDF]
, 1998 Asymmetric information, credit rationing, and ...
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