Credit rationing and asymmetric information:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aldershot u.a.
Dartmouth
1993
|
| Series: | LUISS
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | VII, 133 S. graph. Darst. |
| ISBN: | 1855210959 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Contents
List of figures vii
Introduction 1
Chapter 1: Credit Rationing and Asymmetric Information 7
1.1 A Definition of Credit Rationing 7
1.2 Building a Generalised Model 8
1.3 The Optimal Financial Contract 17
Chapter 2: The Hypothesis of Ex ante Asymmetric Information 21
2.1 Interest Rates as a Screening Device: The Adverse
Selection Effect 27
2.2 Interest Rates as an Incentive Mechanism:
The Adverse Incentive Effect 34
2.3 Collateral Requirements and the Debt/Equity Ratio
as a Screening Device: The Adverse Selection Effect 39
2.4 Collateral Requirement and the Debt/Equity Ratio
as an Incentive Mechanism: The Adverse Incentive Effect 42
2.5 Interest Rate and Collateral as a Self Selection
Mechanism 44
2.6 Interest Rate and Debt/Equity Ratio as a Self Selection
Mechanisms 47
v
2.7 Ex ante Asymmetric Information and an Investment in
the Screening Process 49
2.8 Ex ante Asymmetric Information and the Lender s
Expected Utility 54
Chapter 3: The Hypothesis of Ex post Asymmetric Information 61
3.1 Monitoring Costs 64
3.2 Ex post Asymmetric Information and the Lender s
Expected Utility 68
Chapter 4: Asymmetric Information and Credit Rationing 73
4.1 The Model s Assumptions 74
4.1.1 The Case of Competitive Banks 75
4.1.2 The Case of a Monopolistic Bank 77
4.1.3 The Case of an Oligopolistic Bank that
Maximises Dimension 80
Chapter 5: Some Implications of Asymmetric Information and
Credit Rationing 85
5.1 Asymmetric Information, Credit Rationing and the
Impact of Environmental Changes 95
5.1.1 The Effect of an Open Market Sale of Government
Bonds 98
5.1.2 The Effect of an Increase in the Level of Aggregate
Activity on Credit Rationing 99
5.2 Asymmetric Information and the Segmentation of the
Credit Market 101 j
Conclusions 111
Bibliography 119
Author index 129 .
Subject index 131
vi
List of figures
Figure 2.1 3*5
Figure 2.2 3 ^
Figure 2.3 4 *
Figure 2.4 5 ^Z
Figure 4.1 7;*
Figure 4.2 0
vii
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| illustrated | Illustrated |
| indexdate | 2024-07-09T17:15:45Z |
| institution | BVB |
| isbn | 1855210959 |
| language | English |
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| physical | VII, 133 S. graph. Darst. |
| publishDate | 1993 |
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| publishDateSort | 1993 |
| publisher | Dartmouth |
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| series2 | LUISS |
| spelling | Cosci, Stefania Verfasser aut Credit rationing and asymmetric information Stefania Cosci Aldershot u.a. Dartmouth 1993 VII, 133 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier LUISS Mathematisches Modell Credit control Mathematical models Asymmetrische Information (DE-588)4120934-5 gnd rswk-swf Kreditrestriktion (DE-588)4125607-4 gnd rswk-swf Kreditrestriktion (DE-588)4125607-4 s Asymmetrische Information (DE-588)4120934-5 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005392802&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Cosci, Stefania Credit rationing and asymmetric information Mathematisches Modell Credit control Mathematical models Asymmetrische Information (DE-588)4120934-5 gnd Kreditrestriktion (DE-588)4125607-4 gnd |
| subject_GND | (DE-588)4120934-5 (DE-588)4125607-4 |
| title | Credit rationing and asymmetric information |
| title_auth | Credit rationing and asymmetric information |
| title_exact_search | Credit rationing and asymmetric information |
| title_full | Credit rationing and asymmetric information Stefania Cosci |
| title_fullStr | Credit rationing and asymmetric information Stefania Cosci |
| title_full_unstemmed | Credit rationing and asymmetric information Stefania Cosci |
| title_short | Credit rationing and asymmetric information |
| title_sort | credit rationing and asymmetric information |
| topic | Mathematisches Modell Credit control Mathematical models Asymmetrische Information (DE-588)4120934-5 gnd Kreditrestriktion (DE-588)4125607-4 gnd |
| topic_facet | Mathematisches Modell Credit control Mathematical models Asymmetrische Information Kreditrestriktion |
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