| 书目名称 | Rationing in a Theory of the Banking Firm | | 编辑 | Timothy M. Devinney | | 视频video | | | 丛书名称 | Studies in Contemporary Economics | | 图书封面 |  | | 描述 | The existence of non-price rationing in credit markets is a subj ect, not only of paramount importance, but of considerable controversy, which is ultimately linked with our understanding, or lack thereof, of the basic nature of the banking firm. A recognition of this phenomenon is critical to the understanding of the banking firm in its major role as a financial intermediary. The banking firm serves as an intermediary in two important spheres, between borrower and lender, and between spenders and the monetary authorities. The basic economic formulation of borrower-lender behavior, the simple Fisherian consumption loan model, while beautiful in its simplicity, fail s to acknowledge any role for a non-neutral financial intermediary. The bank, in its second intermediary role, leads one to question the assumption of both neoclassical and Keynsian monetary theories that monetary changes are diffused across the economy (the proverbial monetary helicopter). Monetary policy effects on spending and investment will clearly be biased by the policies of the banks. The major focus of the present work is the development of a theory of credit rationing based upon the existence of risk reducing in | | 出版日期 | Book 1986 | | 关键词 | banking; development; economy; equilibrium; general equilibrium; information; investment; monetary policy; p | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-642-82649-8 | | isbn_softcover | 978-3-540-16052-6 | | isbn_ebook | 978-3-642-82649-8Series ISSN 1431-8806 | | issn_series | 1431-8806 | | copyright | Springer-Verlag Berlin Heidelberg 1986 |
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发表于 2025-3-21 19:36:46
