Similar Search Results

On the existence of credit rationing and screening with loan size in competitive markets with imperfect information

Kraus, Daniel - 2013 - This version: September 10, 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/10009790502

Imperfect information, credit markets and unemployment

Greenwald, Bruce C. N.; Stiglitz, Joseph E. - 1986

Persistent link: https://www.econbiz.de/10000716975

Imperfect Information, Credit Markets and Unemployment

Greenwald, Bruce C. N.; Stiglitz, Joseph E. - 2021

This paper describes how imperfect information in both capital and labor markets can, in a context of maximizing firms and perfectly flexible prices and wages, give rise to cyclical variations in unemployment whose character closely resembles that of observed business cycles

Persistent link: https://www.econbiz.de/10013238717

Imperfect Information, Credit Markets and Unemployment

Greenwald, Bruce C. - 1986

Persistent link: https://www.econbiz.de/10012476976

Volatility and financial intermediation

Aizenman, Joshua; Powell, Andrew - In: Journal of international money and finance 22 (2003) 5, pp. 657-679

Persistent link: https://www.econbiz.de/10001787730

Volatility and financial intermediation

Aizenman, Joshua - 1997

Persistent link: https://www.econbiz.de/10013416398

Credit rationing in markets with imperfect information

Stiglitz, Joseph E.; Weiss, Andrew M. - 1980

Persistent link: https://www.econbiz.de/10000938828

Credit rationing in markets with imperfect information ; 1

Stiglitz, Joseph E. - 1980

Persistent link: https://www.econbiz.de/10000938829

Constraints as incentive devices

Stiglitz, Joseph E. - 1980

Persistent link: https://www.econbiz.de/10000938830

Credit Rationing in Markets with Imperfect Information

Stiglitz, Joseph E. - 2009

the first theoretical justification for true credit rationing. The amount of the loan and the amount of collateral … profitable to raise interest rates or collateral; instead banks deny loans to borrowers who are observationally indistinguishable … collateral as a means of allocating credit; although collateral may have incentivizing effects, it may have adverse selection …

Persistent link: https://www.econbiz.de/10013154612

1
2
3
4
5
6
7
8
9
10
Next
Last