credit rationing
Pessimism, Optimism and Credit Rationing
... utility, credit rationing JEL: D81, D82 1 Introduction In their celebrated article, Stiglitz and Weiss (1981) (henceforth, SW) showed that rationing could obtain in competitive credit markets ...
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Credit rationing, profit accumulation and economic growth
... archive for the deposit and dissemination of sci- entific research documents, whether they are pub- lished or not. The documents may come from L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la ...
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ECONOMICS OF REGULATION: CREDIT RATIONING AND EXCESS LIQUIDITY
... Conclusion Credit rationing is rationing of excess liquidity by risk preference on compa- rable statics of liquid ...Increasing credit rationing at the precautionary level stand out ...
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Economics of Regulation: Credit Rationing and Excess Liquidity
... that credit rationing is differently interpreted as a transaction holding a liability (Henderson, 1960), reserve credit (Allen, 1956) and a monetary instrument (Siegel, ...reserve credit ...
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Sorting in Credit Rationing: An Elementary Survey
... 3.1 Credit Rationing ` a la Stiglitz and Weiss (1981) In Stiglitz and Weiss (1981) the principal is a bank which receives agents’ demands for loans. The principal ignores the agents’ types, which is here ...
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Low Income Countries, Credit Rationing and Debt Relief: Bye bye international financial market?
... Since the end of the eighties, LICs have been granted debt relief by bilateral creditors and by international financing institutions. Did those debt relief initiatives send a negative me[r] ...
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Credit rationing and crowding out during the industrial revolution : evidence from Hoare's Bank, 1702-1862
... All the individual elements that are necessary to make the "crowding-out" story plausible are therefore in place - heavy government borrowing reduced private lending sharply, and[r] ...
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Low Income Countries, Credit Rationing and Debt Relief: Bye bye international financial market?
... Since the end of the eighties, LICs have been granted debt relief by bilateral creditors and by international financing institutions. Did those debt relief initiatives send a negative me[r] ...
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Essays in Financial Economics: Speculation, Liquidity and Rationing
... and Rationing Abstract: This thesis contains six articles gathered in four ...of credit rationing and illustrates a situation requiring decision-making measured by some fixed scale in ...
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Credit derivatives in Brazil
... Comparing a hypothetical market for credit derivatives in Brazil (Brazilian market) given the regulation discussed above with the markets for credit derivatives that [r] ...
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An Egalitarian Argument in Favour of Free Access to Healthcare and Rationing
... for a single person constitutes an “opportunity cost” for the other members of society and those “costs” cannot be left out of our considerations. The best way to understand the traditional maxim according to which ...
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QUALITE DE L’INFORMATION COMPTABLE ET RECOURS AU CREDIT FOURNISSEUR
... lnTAILLE est le logarithme du total de l’actif, lnAGE le logarithme de l’âge en année +1, CFLOW la capacité du financement moins le dividende normé par l’actif circulant hors trésorerie[r] ...
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Colonization Credit in Restored Wet Heathlands
... Relationship between patch area (log) and the percentage of specialist species from EG I expected to to the number of species from EG I that have already colonized new patches = 0.040). All percentages correspond to the ...
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Inside the credit boom: Competition, Segmentation and Information - evidence from Serbian credit market
... L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignemen[r] ...
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Credit segmentation in general equilibrium
... It follows that Assumptions (A1)(i), (A1)(iii), (A2), (A3), and (A4)(ii) hold. However, since the commodity is perishable and asset j is segmented, the super-replication property (A4)(i) is not satisfied. Also, (A1)(ii) ...
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La classe moyenne et le credit : analyse de cas choisis.
... En plus d'être financièrement capable de ae paa.er du crédit, un lacteur d'ordre culturel vient a'ajouter pour expliquer la pOSition de JP.. ftJe viens d'une tam1[r] ...
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Model Implied Credit Spreads
... π DD −B when used for predicting corporate default in an empirical setting. 1 The MICS approach thus is a promising alternative for estimating credit risk based on structural default models. The paper is organized ...
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AVANTAGE FISCAL DU CREDIT IMPÔT-FORMATION
... Nous proposons, en première partie, une revue de la littérature autour de la fiscalité en étudiant sa diffusion, son mode d’information, la connaissance des avantages fiscaux et l’adopt[r] ...
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ARE CREDIT RATING AGENCIES PREDICTABLE?
... I observe that b is statistically significant for regression models where X is equal to the equity implied default probability change over a 30-day time interval, as well as for X equal [r] ...
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Credit market imperfections and business cycles
... by credit demand and credit supply, as well as by credit market ...private credit, observed after an increase of money supply, does not give enough information to con- clude about ...
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