Titlebook: Credit Markets with Asymmetric Information; Gerhard Clemenz Book 1986 Springer-Verlag Berlin Heidelberg 1986 banking.equilibrium.informati

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Alexandra Krause,Christoph Köhleric credit market model, the earlier literature on credit rationing is reviewed. The presentation of various approaches within one model is supposed to facilitate the comparisons between different theories and to highlight the importance of asymmetric information, which is crucial for the analysis in the remaining chapters.

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Epilogue: Whither Now,earch. The second aspect is discussed in the next two sections, where at first the potential of regulatory measures is considered, and afterwards macro-economic consequences of imperfect information in credit markets are treated. Let me turn first to an assessment of the analysis contained in the preceding six chapters.

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Irene Dingeldey,André Holtrup,Günter Warsewar creates the possibility of equilibrium credit rationing. The following sections present various mechanisms, based on asymmetric information implying adverse selection and moral hazard, which may induce the existence of a “bank-optimal” loan rate where p reaches a maximum.

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Adverse Selection, Moral Hazard, and Credit Rationing,r creates the possibility of equilibrium credit rationing. The following sections present various mechanisms, based on asymmetric information implying adverse selection and moral hazard, which may induce the existence of a “bank-optimal” loan rate where p reaches a maximum.

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