Results 111 to 120 of about 1,256 (167)

Consumer Rationality and Credit Cards

Journal of Political Economy, 1995
Borrowing on credit cards at high interest rates might appear irrational. However, even low transactions costs can make credit cards attractive relative to bank loans. Credit cards also provide liquidity services by allowing consumers to avoid some of the opportunity costs of holding money.
Brito, Dagobert L, Hartley, Peter R
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Credit Rationing and Financial Disorder

The Journal of Finance, 1984
ABSTRACTWe develop a model of lender behavior in the presence of default risk and moral hazard that determines default premiums and identifies the conditions under which borrowers are rationed. A hypothesis regarding a cognitive bias in the formation of expectations provides a dynamic component to our analysis and allows us to explain how an economy ...
Guttentag, Jack, Herring, Richard
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Components of credit rationing

Journal of Financial Stability, 2020
Abstract Credit rationing by lending institutions has been the subject of much research in recent decades. Although there are some empirical indications, there is little theoretical justification about how various forms of credit rationing manifest themselves in credit markets.
Mehdi Beyhaghi, Fathali Firoozi, Abol Jalilvand, Laleh Samarbakhsh   +3 more
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Credit Rationing and Capital Accumulation

Economica, 1991
This paper develops a dynamic partial equilibrium analysis of how financial policy affects capital accumulation when bank loans are rationed and subsidized. The underlying specification of intertemporal behavior is critical: loan policy often has qualitatively different effects on capital accumulation in overlapping-generations and infinite-horizon ...
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Credit Rationing: Issues and Questions

Journal of Money, Credit and Banking, 1978
THE QUESTION OF CREDIT RATIONING has been the subject of a number of theoretical discussions during the past twenty-five years. Credit rationing arguments occupied an important place in the so-called availability doctrine. The availability doctrine became prominent during the early fifties as a theory explaining how monetary policy could have eSects on
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Investment Facing Credit Rationing

The Manchester School, 1998
The explicit expression of investment facing credit rationing and convex adjustment costs is derived. Three implications follow. First, the assumption of convex adjustment costs can be substituted by credit rationing to derive an investment function.
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Credit Rationing and Payment Incentives

The Review of Economic Studies, 1983
A model of borrowing for production is presented where default leads to exclusion from the capital market. This means contracts are enforceable, provided the current payment is less than or equal to the value of future access to the capital market. The main result of the paper is to show that if this constraint binds then credit is rationed.
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Price Ceilings and Credit Rationing

The Journal of Finance, 1968
THERE IS LITTLE DOUBT that usury laws and small loan laws effectively lower the finance rate to many borrowers obtaining installment loans from consumer credit lenders.' But it also seems likely that the maximum rate provisions contained in small loan legislation restrict the availability of credit to marginal risk loan applicants, forcing them either ...
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Components Of Credit Rationing

SSRN Electronic Journal, 2019
Credit rationing by lending institutions has been the subject of much research in recent decades. Although there are some empirical indications, there is little theoretical justification about how various forms of credit rationing manifest themselves in credit markets.
Mehdi Beyhaghi, Fathali Firoozi, Abolhassan Jalilvand   +2 more
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Credit Rationing

This major Handbook consists of 29 contributions that explore the full range of exciting and interesting work on money and finance currently taking place within heterodox economics. There are many themes and facets of alternative monetary and financial economics but two major ones can be identified.
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