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Rationing in a Theory of the Banking Firm
Timothy M. Devinney
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Description for Rationing in a Theory of the Banking Firm
Paperback. Series: Studies in Contemporary Economics. Num Pages: 104 pages, biography. BIC Classification: KJMV6. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 244 x 170 x 5. Weight in Grams: 208.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
1986
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
104
Condition
New
Series
Studies in Contemporary Economics
Number of Pages
104
Place of Publication
Berlin, Germany
ISBN
9783540160526
SKU
V9783540160526
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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