
- 305 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Equilibrium Credit Rationing
About this book
This study, first published in 1979, examines and contrasts two concepts of credit rationing. The first concept takes the relevant price of credit to be the explicit interest rate on the loan and defines the demand for credit as the amount an individual borrower would like to receive at that rate. Under the alternative definition, the price of credit consists of the complete set of loan terms confronting a class of borrowers with given characteristics, while the demand for credit equals the total number of loan which members of the class would like to receive at those terms. This title will be of interest to students of monetary economics.
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Table of contents
- Cover Page
- Half Title Page
- Title Page
- Copyright Page
- Title Page 1
- Copyright Page 1
- Preface
- ABSTRACT
- ACKNOWLEDGEMENTS
- LIST OF SYMBOLS
- CHAPTER I. COMPETITIVE MARKETS FOR NONHOMOGENEOUS GOODS: AN APPLICATION TO THE THEORY OF CREDIT RATIONING
- CHAPTER II. AN ANALYSIS OF LOAN RATE CEILINGS
- CHAPTER III. MORAL HAZARD AND EQUILIBRIUM CREDIT RATIONING
- BIOGRAPHY
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