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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
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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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1986
Economists have typically conducted their analyses of credit rationing in a manner which abstracts from the operations of the banking firm. This failure severely limits the understanding of the bank in its various roles. The present chapter outlines a theory of credit rationing which explicitly considers the informational aspects of the banking firm’s ...
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Economists have typically conducted their analyses of credit rationing in a manner which abstracts from the operations of the banking firm. This failure severely limits the understanding of the bank in its various roles. The present chapter outlines a theory of credit rationing which explicitly considers the informational aspects of the banking firm’s ...
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Credit Risk and Credit Rationing: A Reply
The Quarterly Journal of Economics, 1961openaire +1 more source