Showing 1 - 10 of 12
Practices have been cited frequently as an indicator of general credit availability. Results from the Board's survey suggest …
Persistent link: https://www.econbiz.de/10004993979
Central bank or International Monetary Fund lending should be regarded as a line of credit, analogous to private line-of-credit … products. Contractual provisions in private line-of-credit arrangements are designed to control managerial moral hazard and … provide a means for profit-maximizing lenders to credibly commit to withdraw credit and induce closure when appropriate. The …
Persistent link: https://www.econbiz.de/10004993951
Short-term credit plays an essential part in the business financing process. In view of its importance in the nation …'s credit structure, the market for short-term business credit receives a great deal of attention from financial analysts. …
Persistent link: https://www.econbiz.de/10004993953
This paper presents a simple general equilibrium model of the commercial loan market in which liquidity constraints arise endogenously because of imperfect information and imperfect competition. The information and market structure generate a discriminatory interest rate schedule and loan size...
Persistent link: https://www.econbiz.de/10004993970
Loan guarantees are arguably the most widely used policy intervention in credit markets, especially for consumers. This … consumption loans. Our work is novel as it studies loan guarantees in a rich dynamic model where credit allocation is allowed to …
Persistent link: https://www.econbiz.de/10009320869
We describe a stochastic economic environment in which the mix of money and trade credit used as means of payment is … endogenous. The economy has an infinite horizon, spatial separation and a credit-related transaction cost, but no capital. We … monetary policy and for time series analysis using money and trade credit. …
Persistent link: https://www.econbiz.de/10004993896
the same set of institutions, i.e., banks, because systems to evaluate credit, monitor and enforce loan agreements, and … extend credit on short notice are productive in originating loans to nonfinancial customers and in managing lending to …
Persistent link: https://www.econbiz.de/10004993902
This article emphasizes the role of nonprice rationing in credit crunches. It proposes a process for identifying credit …, and a variable is constructed that indicates when credit crunches occurred. In addition, the article questions the … conventional wisdom that Regulation Q was the primary cause of the 1960s credit crunches. …
Persistent link: https://www.econbiz.de/10004993943
credit aggregates in specifying its longer-run targets. …
Persistent link: https://www.econbiz.de/10004993994
Credit controls are generally believed to result in an inefficient allocation of resources. This paper presents a … in which both cash (i.e. fiat currency) and trade credit are used in exchange. Transaction costs, restrictions on the … restriction on the use of trade credit can yield a Pareto superior allocation. …
Persistent link: https://www.econbiz.de/10004994021