Showing 1 - 10 of 55
Persistent link: https://www.econbiz.de/10000796547
Persistent link: https://www.econbiz.de/10001093617
Persistent link: https://www.econbiz.de/10000905978
Persistent link: https://www.econbiz.de/10001037147
Persistent link: https://www.econbiz.de/10001230396
Persistent link: https://www.econbiz.de/10001655904
Persistent link: https://www.econbiz.de/10001798785
Persistent link: https://www.econbiz.de/10002535271
In an environment with correlated returns, this paper characterizes optimal lending contracts when the bank faces adverse selection and borrowers have limited liability. Group lending contracts are shown to be dominated by revelation mech- anisms which do not use the ex post observability of the...
Persistent link: https://www.econbiz.de/10004988889
Persistent link: https://www.econbiz.de/10001486962