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Understanding Credit Rationing by Lus PMwnk is a document available to read on EtoBox.
What is Understanding Credit Rationing about?
The document discusses credit rationing, which refers to situations where lenders are unwilling to provide additional loans to borrowers even at higher interest rates. There are two main definitions - one focuses on excess demand that cannot be cleared by raising rates, while the other focuses on some borrowers being denied loans while identical borrowers receive them. Early interest in credit rationing stemmed from questions about how it affects monetary policy transmission and developing country growth. S
- Author
- Lus PMwnk
- Language
- EN