Capra, C. Mónica; Comeig, Irene Ramírez; Blanco, … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001
This paper tests Bester's (1985, 1987) prediction about the separating role ofcontracts that involve both interest rates and collateral in credit markets. To test thisprediction we use data from natural credit markets and controlled experiments. Using asample of credits to small and medium size...
