Without denying the importance of asymmetric information, this article purports the view that credit rationing may also originate from a lender's inability to classify loan applications into proper risk categories. Although particularly prominent when novel technologies or novel institutional arrangements arise, lack of appropriate categories may affect any request of money lending, making credit rationing much more widespread than previously thought.
G. Fioretti (2009). Credit Rationing with Symmetric Information. ECONOMIE APPLIQUÉE, 61, 5-33.
Credit Rationing with Symmetric Information
FIORETTI, GUIDO
2009
Abstract
Without denying the importance of asymmetric information, this article purports the view that credit rationing may also originate from a lender's inability to classify loan applications into proper risk categories. Although particularly prominent when novel technologies or novel institutional arrangements arise, lack of appropriate categories may affect any request of money lending, making credit rationing much more widespread than previously thought.File in questo prodotto:
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