Equilibrium Credit Rationing

Download or Read eBook Equilibrium Credit Rationing PDF written by William R. Keeton and published by Routledge. This book was released on 2017-04-28 with total page 196 pages. Available in PDF, EPUB and Kindle.
Equilibrium Credit Rationing
Author :
Publisher : Routledge
Total Pages : 196
Release :
ISBN-10 : 9781351798914
ISBN-13 : 135179891X
Rating : 4/5 (14 Downloads)

Book Synopsis Equilibrium Credit Rationing by : William R. Keeton

Book excerpt: This study, first published in 1979, examines and contrasts two concepts of credit rationing. The first concept takes the relevant price of credit to be the explicit interest rate on the loan and defines the demand for credit as the amount an individual borrower would like to receive at that rate. Under the alternative definition, the price of credit consists of the complete set of loan terms confronting a class of borrowers with given characteristics, while the demand for credit equals the total number of loan which members of the class would like to receive at those terms. This title will be of interest to students of monetary economics.


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