Ziesemer, Thomas - In: Journal of Institutional and Theoretical Economics (JITE) 153 (1997) 3, pp. 569-578
BASU [1991], in his introduction, argues that the 1982 debt crisis can be interpreted as a transition from loan pushing to credit rationing induced by an interest shock. He analyzes how in international lending there can be equilibria with credit rationing and with loan pushing. He, and in fact...