Tallon, Jean-Marc - In: Revue de l'OFCE 24 (1988) 1, pp. 125-161
[eng] Credit Rationing, Interest Rates and Economic Activity Jean-Marc Talion This paper presents a model of banking behaviour to show why, in some cases, banks prefer to ration credit to their customers, rather than to increase the interest rate they charge. This rationing, which is due to the...