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On the Possibility of Credit Rationing in the Stiglitz-Weiss Model
Arnold, Lutz G. - Wirtschaftswissenschaftliche Fakultät, Universität … - 2005
Implikationen für die Möglichkeit von Kreditrationierung einerseits und für die Möglichkeit des Ausschlusses ganzer …
Persistent link: https://www.econbiz.de/10005063028
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Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens ; Beitrag für den Projektbericht: Währungspolitisch...
Sell, Friedrich L. - Fakultät für Wirtschafts- und … - 1999
von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert …
Persistent link: https://www.econbiz.de/10008462113
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Empirical measurement of credit rationing in agriculture: a methodological survey
Petrick, Martin - Leibniz-Institut für Agrarentwicklung in … - 2003
verschiedene in der Literatur angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen … erste Vorgehensweise versteht unter Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv …. Alle anderen Vorgehensweisen definieren Kreditrationierung zumindest implizit als andauernde Überschussnachfrage, folglich …
Persistent link: https://www.econbiz.de/10008526801
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Credit rationing or overlending:Who is right ?
Bonnet, Jean; Cieply, Sylvie; Dejardin, Marcus - Centre de Recherche en Économie et Management (CREM) - 2013
There is a widespread belief in both academic literature and policy circles that small firms are unable to obtain sufficient banking loans.This idea finds a strong theoretical support in credit rationing theory, as initiated by Stiglitz and Weiss (1981). However, this is vigorously challenged by...
Persistent link: https://www.econbiz.de/10010854400
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On the existence of credit rationing and screening with loan size in competitive markets with imperfect information
Kraus, Daniel - Institut für Volkswirtschaftlehre, Universität Rostock - 2013
Although credit rationing has been a stylized fact since the groundbreaking papers by Stiglitz and Weiss (1981, hereinafter S-W) and Besanko and Thakor (1987a, hereinafter B-T), Arnold and Riley (2009) note that credit rationing is unlikely in the S-W model, and Clemenz (1993) shows that it does...
Persistent link: https://www.econbiz.de/10010958190
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When do we have borrower or credit volume rationing in competitive credit market with imperfect information?
Kraus, Daniel - Institut für Volkswirtschaftlehre, Universität Rostock - 2010
This paper examines the conditions for credit volume or borrower rationing in a competitive credit market in which the project characteristics are private information of the borrowers. There can only be credit volume rationing if the higher-risk credit applicants have a higher return in the...
Persistent link: https://www.econbiz.de/10010958193
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Do firm–bank ‘odd couples’ exacerbate credit rationing?
Ferri, Giovanni; Murro, Pierluigi - In: Journal of Financial Intermediation 24 (2015) 2, pp. 231-251
This paper tests the impact of an imperfect firm–bank type match on firms’ financial constraints using a dataset of about 4500 Italian manufacturing firms. Considering an optimal match of opaque (transparent) borrowing firms with relational (transactional) lending main banks, the possibility...
Persistent link: https://www.econbiz.de/10011264241
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Credit rationing and asset value
Affuso, A. - Facoltà di Economia, Università degli Studi di Parma - 2006
This paper investigates the effect of real assets as collateral on the economy. I show how credit rationing is mitigated by the exsistence of bad firms whether it is linked to the value of distressed assets. Indeed, when loans are collateralized and firms are credit constrained, the amount...
Persistent link: https://www.econbiz.de/10005248542
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Capital Market Imperfection and Economic Growth
Oyama, Masako - Center for Intergenerational Studies, Institute of … - 2002
This paper explains adverse international capital flows and economic growth using a model with asymmetric information in the capital market. The capital markets in developing countries are found to suffer more severely from asymmetric information than those in developed ones, which results in a...
Persistent link: https://www.econbiz.de/10005018630
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Credit Rationing and Asset Value
Affuso, Antonio - Dipartimento di Economia, Management e Metodi … - 2007
This paper investigates the effect of real assets as collateral on the economy. I construct a model that shows how credit rationing is mitigated by the existence of bad firms whether it is linked to the value of distressed assets. Indeed, when loans are collateralized and firms are credit...
Persistent link: https://www.econbiz.de/10009324466