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What is Understanding Credit Rationing Models about?

The document discusses financial constraints and credit rationing, explaining how firms may be unable to access external finance due to asymmetric information and market failures. It outlines models by Stiglitz-Weiss and Holmström-Tirole that illustrate how adverse selection and moral hazard contribute to credit rationing. Additionally, it examines the implications of financial constraints on investment, employment, and economic growth, as well as methods for measuring these constraints.

Author

tempouzi

Language

EN