This study, first published in 1994, is intended to deepen the readers understanding of the phenomenon of equilibrium credit rationing in two areas. The first area concerns the form that equilibrium credit rationing assumes and its importance in determining the behaviour of interest rates. The second concerns the role of equilibrium credit rationing in transmitting monetary shocks to the real sector. This title will be of interest to students of monetary economics.
Foreword; Preface; 1. Introduction 2. Literature Review 3. Equilibrium Credit Rationing and Interest Rates 4. A Comparison of Size Rationing and Number Rationing 5. Money and Credit in a General Equilibrium Optimizing Model 6. Conclusions and Further Work; Appendices; Bibliography; Index
The volumes in this set, originally published between 1934 and 1994, draw together research by leading academics in the area of monetary economics and provides a rigorous examination of related key issues. The volumes examine monetary management and policy, equilibrium theory and credit rationing, as well as the general principles and practices of monetary economics. This set will be of particular interest to students of economics and finance.