AN EXPOSITORY MODEL OF CREDIT RATIONING

被引:6
|
作者
WALLER, CJ
LEWARNE, S
机构
[1] Indiana University Bloomington, IN
关键词
D O I
10.1016/0164-0704(94)90022-1
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper presents a simple exposition of the main results behind more complicated credit rationing models. It uses a standard, static model of the banking firm to analyze the effects of changing the interest rate on loans and the probability of repayment. Using simple elasticity arguments we demonstrate how ''natural'' credit rationing can arise.
引用
收藏
页码:539 / 545
页数:7
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