Equilibrium Credit Rationing

William R. Keeton (Autor)

Buch | Softcover

310 Seiten

2018
Routledge (Verlag)
978-1-138-63365-0 (ISBN)

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This study, first published in 1979, examines and contrasts two concepts of credit rationing. This title will be of interest to students of monetary economics.

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.

William Keeton was born in Houston, Texas on November 22, 1947. In 1964 he graduated from Winchester High School in Winchester, Massachusetts. He attended Yale University from 1964 to 1968, receiving a B.A. in Political Science and Economics and an M.A. in Economics. From 1968 to 1970 he served as a Peace Corps Volunteer in Colombia and from 1970 to 1972 he worked at the Council of Economic Advisers.

Abstract; Acknowledgements; List of Symbols; 1. Competitive Markets for Nonhomogenous Goods: An Application to the Theory of Credit Rationing 2. An Analysis of Loan Rate Ceilings 3. Moral Hazard and Equilibrium Credit Rationing; Biography

Erscheinungsdatum	12.11.2018
Reihe/Serie	Routledge Library Editions: Monetary Economics
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	453 g
Themenwelt	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
ISBN-10	1-138-63365-8 / 1138633658
ISBN-13	978-1-138-63365-0 / 9781138633650
Zustand	Neuware