Credit market imperfections in the theory of credit rationing

Artikel

The article aims at comparative analysis of the nature and dimensions of credit rationing on the grounds of theory of finance. The paper identifies the essence of credit rationing through the prism of its most important endogenous and exogenous prerequisites, assuming the lack of adequate instruments that could be used by banks to individually select borrowers (the so-called screening devices) in conditions of their heterogeneous risk-related breakdown. The paper points out the scope of idiosyncratic attributes of the credit market which prevent it from achieving a state of Walrasian equilibrium, which leads to petrification of credit market imperfections (credit market failure).

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: e-Finanse: Financial Internet Quarterly ; ISSN: 1734-039X ; Volume: 7 ; Year: 2011 ; Issue: 4 ; Pages: 76-91 ; Rzeszów: University of Information Technology and Management

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Information and Market Efficiency; Event Studies; Insider Trading ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
• Thema: credit rationing ; information asymmetry ; market imperfections

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ślązak, Emil
• Ereignis: Veröffentlichung
• (wer): University of Information Technology and Management
• (wo): Rzeszów
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/66767
• Letzte Aktualisierung: 20.09.2024, 08:24 MESZ