This study, first published in 1994, is intended to deepen the readers understanding of the phenomenon of equilibrium credit rationing in two areas. The first area concerns the form that equilibrium credit rationing assumes and its importance in determining the behaviour of interest rates. The second concerns the role of equilibrium credit rationing in transmitting monetary shocks to the real sector. This title will be of interest to students of monetary economics.
- 181 pages
- English
- ePUB (mobile friendly)
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An Analysis of Credit and Equilibrium Credit Rationing
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INDEX
Adverse selection effect 11
Aggregate demand 3, 10, 16, 17, 22, 30, 110
Anti-inflationary monetary policy 23
Asymmetric information 9, 11, 19, 31, 32, 113 (See also Private information)
ex ante 11
ex post 19, 32
Availability doctrine 9, 10
Average deposit size 92, 93, 99, 133
Average loan size 43, 67, 68, 73–77, 93, 95, 96, 98, 99, 122, 123, 124, 126, 128, 130, 133
Bank
deposits 17, 89
intermediaries 105, 112
reserves 16, 17, 53
Banking system 17
Bankruptcy 11–13, 32, 33, 35
costs 11 (See also Monitoring costs)
expected cost of 13
standard debt contract with 12, 13, 33, 35
Bargaining process 10, 11
Beginning-of-period real money balances 91
Berger, Allen N. 24, 26
Bernanke, Ben S. 21, 22
Blinder, Alan S. 16, 17, 20, 21, 30
Borrower-specific interest rate 15
Brunner, Karl 30
Budget constraint 91, 101, 133
Business cycle 4, 18, 19, 55
behavior 55
theory 4
Calomiris, Charles W. 22
Capital input 36, 37, 41, 61, 69
Cash 19, 87, 89
Central bank 16, 17...
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Table of Contents
- Foreword
- Preface
- I Introduction
- II Literature Review
- III Equilibrium Credit Rationing and Interest Rates
- IV A Comparison of Size Rationing and Number Rationing
- V Money and Credit in a General Equilibrium Optimizing Model
- VI Conclusions and Further Work
- Appendices
- Bibliography
- Index
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Yes, you can access An Analysis of Credit and Equilibrium Credit Rationing by Ying Wu in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over 1.5 million books available in our catalogue for you to explore.