Results 71 to 80 of about 5,511 (242)
Entrepreneurship and bank credit rationing in Ghana [PDF]
Previous researchers have empirically investigated the existence or otherwise of credit rationing of small businesses in both developed and developing economies.
Kingsley Akuetteh, Charles
core
ABSTRACT This paper revisits the “too much finance” hypothesis by reassessing the relationship between financial depth and economic growth using an expanded dataset (1960–2019) and a systematic estimation strategy that avoids reliance on any single, potentially arbitrary sample window.
Jean‐Louis Arcand +2 more
wiley +1 more source
Credit Rationing, Wealth Inequality, and Allocation of Talent [PDF]
We study an economy where agents are heterogeneous in terms of observable wealth and unobservable talent. Adverse selection forces creditors to ask for collateral.
Tomas Sjostrom +2 more
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ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues +2 more
wiley +1 more source
Collateral, Rationing, and Government Intervention in Credit Markets [PDF]
This paper analyzes the effects of government intervention in credit markets when lenders use collateral, interest, and the probability of granting a loan as potential screening devices. Equilibria with and without rationing are examined.
William G. Gale
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Adverse Selection and Moral Hazard Effects in the Malaysian Credit Market: An Empirical Analysis
The purpose of this paper is to test empirically the impact of adverse selection and moral hazard on the Malaysian credit market. The paper develops a supply and demand function for credit in Malaysia by using monthly data over the period from January ...
Omar Marashdeh
doaj
ABSTRACT This article places the work of Lance Taylor in the broader context of efforts in the 1980s to renew the structuralist tradition of development economics, into what was then newly coined as neo‐structuralism. These efforts centred around three groups: CEPAL, Lance Taylor and his team at MIT, and a group of economists based at the Institute of ...
Andrew M. Fischer
wiley +1 more source
Credit rationing and firms in oligopoly [PDF]
This paper develops a theory of the firm, and equilibrium credit rationing mechanisms in oligopoly with R&D-product market competition. Credit rationing arises from a hold-up problem between wealth-constrained entrepreneurs and external investors ...
Tong, Jian
core
CREDIT MARKET IMPERFECTIONS IN THE THEORY OF CREDIT RATIONING
The article aims at comparative analysis of the nature and dimensions of credit rationing on the grounds of theory of finance. The paper identifies the essence of credit rationing through the prism of its most important endogenous and exogenous prerequisites, assuming the lack of adequate instruments that could be used by banks to individually select ...
openaire +2 more sources
Under the Same Roof: Educational Attainment and Adult Co‐Residence With Parents
ABSTRACT We study the influence of higher education on the likelihood of co‐residence between adults in their late 20s and their parents. We exploit a policy change that expanded the supply of higher education in Greece to compare the probability of attaining higher education and the probability of living with parents between individuals who were just,
Yiannis Kountouris, Kyriaki Remoundou
wiley +1 more source

