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On the Possibility of Credit Rationing in the Stiglitz-Weiss Model

Arnold, Lutz G. (2005) On the Possibility of Credit Rationing in the Stiglitz-Weiss Model. Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft 403, Working Paper.

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Date of publication of this fulltext: 01 Mar 2005 13:47

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Abstract

Contrary to what is consistently assumed in the literature, the return function cannot be hump-shaped in the Stiglitz-Weiss (1981) model. This has important consequences for the possible occurrence of credit rationing and redlining. With a single class of borrowers, banks offer credit in two stages. Demand possibly exceeds supply in stage one, but not in stage two. With several observationally ...

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Item type:Monograph (Working Paper)
Series of the University of Regensburg:Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft
Date:2005
Institutions:Business, Economics and Information Systems
Identification Number:
ValueType
urn:nbn:de:bvb:355-opus-4760URN
RePEc:bay:rdwiwi:476RePEc Handle
Classification:
NotationType
G21Journal of Economics Literature Classification
E51Journal of Economics Literature Classification
D82Journal of Economics Literature Classification
Keywords:Kreditrestriktion , Asymmetrische Information, , credit rationing , asymmetric information
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:No, this document will not be refereed
Created at the University of Regensburg:Yes
Item ID:4518

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