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Equilibrium Credit Rationing
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Product Details
Author:
William R. Keeton
Format:
Paperback
Pages:
309
Publisher:
Taylor & Francis (November 6, 2018)
Language:
English
ISBN-13:
9781138633650
Weight:
16oz
Dimensions:
6.125" x 9.1875"
File:
TAYLORFRANCIS-TayFran_260825153158782-20260825.xml
Folder:
TAYLORFRANCIS
List Price:
$55.99
Series:
Routledge Library Editions: Monetary Economics
Case Pack:
1
As low as:
$53.19
Publisher Identifier:
P-CRC
Discount Code:
H
Pub Discount:
30
Audience:
College/higher education
Country of Origin:
United States
Imprint:
Routledge
Overview
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.
