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Ländliche Kreditmärkte in Transformationsländern : Marktversagen und die Rolle formaler und informeller Institutionen in Polen und der Slowakei

Anja Wiebusch - 2005

) Auf der Mikroebene findet man in beiden Ländern eine signifikante Kreditrationierung, allerdings nur für subventionierte … Kredite, so dass auf der Makroebene nicht von einer Kreditrationierung im Sinne von Stiglitz/Weiss gesprochen werden kann. (iv … gleichzeitiger Kreditrationierung auf Mikroebene festgestellt werden. Dies korrespondiert zu den theoretischen Überlegungen von De …

Persistent link: https://www.econbiz.de/10009428993

Capital Accumulation in the Presence of Informal Credit Contracts: Does the Incentive Mechanism Work Better than Credit Rationing Under Asymmetric Information?

Dasgupta, Basab - 2004

Credit markets with asymmetric information often prefer credit rationing as a profit maximizing device. This paper asks whether the presence of informal credit markets reduces the cost of credit rationing, that is, whether it can alleviate the impact of asymmetric information based on the...

Persistent link: https://www.econbiz.de/10009430061

Endogenous Growth in the Presence of Informal Credit Markets: A Comparative Analysis Between Credit Rationing and Self-Revelation Regimes

Dasgupta, Basab - 2005

This paper examines whether the presence of informal credit markets reduces the cost of credit rationing in terms of growth. In a dynamic general equilibrium framework, we assume that firms are heterogenous with different degrees of risk and households invest in human capital development. With...

Persistent link: https://www.econbiz.de/10009430090

A Simple Model of Credit Rationing with Information Externalities

Hossain, Akm Rezaul - 2005

Credit-rationing model similar to Stiglitz and Weiss [1981] is combined with the information externality model of Lang and Nakamura [1993] to examine the properties of mortgage markets characterized by both adverse selection and information externalities. In a credit-rationing model, additional...

Persistent link: https://www.econbiz.de/10009430112

Liquidity Constraint and Child Labor In India: Is Market Really Incapable Of Eradicating It From Wage-Labor Households?

Dasgupta, Basab - 2005

One way to measure the lower steady state equilibrium outcome in human capital development is the incidence of child labor in most of the developing countries. With the help of Indian household level data in an overlapping generation framework, we show that production loans under credit...

Persistent link: https://www.econbiz.de/10009430171

An empirical investigation of lending to small businesses

Min, Kyung-Seol - 2008

the credit rationing theory by Stiglitz and Weiss (1981) show that in the higher market interest rate period lenders …

Persistent link: https://www.econbiz.de/10009431220

The relationship between monetary policy and investment in South Africa

Jackson, Michael Keith Caulton - 2007

the Treatise (1930), but more completely in the General Theory (1936). The treatment of monetary forces in economic growth … pursued in the approach to monetary theory adopted by those who could broadly be characterised as Post Keynesian. The … theoretical analysis and empirical examination are drawn out both for monetary theory within the Post Keynesian mould, and for the …

Persistent link: https://www.econbiz.de/10009457758

Measuring the effectiveness of credit guarantee schemes: evidence from Malaysia

Boocock, Grahame; Shariff, Mohd Noor Mohd - 2005

Governments across the globe are increasingly utilizing credit guaranteeschemes to support SMEs. This article fills a gap in the academic literaturefor developing countries by reviewing the effectiveness of the New PrincipalGuarantee Scheme (NPGS) offered by the Credit Guarantee Corporation(CGC)...

Persistent link: https://www.econbiz.de/10009461151

Demand and supply determinants of loan contract terms in small business lending

Kirschenmann, Karolin - 2010

politischen Entscheidungsträgern viel Aufmerksamkeit erfahren hat, ist Kreditrationierung. Allerdings bestehen empirisch noch … immer Fragen, wie hoch Kreditrationierung eigentlich ist und wie es sich über Kunde-Bank-Beziehungen hinweg entwickelt … vergebener zu nachgefragter Kreditmenge. Meine Ergebnisse zeigen, dass Kreditrationierung bedeutend ist, vor allem am Anfang von …

Persistent link: https://www.econbiz.de/10009476202

Investment, Credit Rationing and the Soft Budget Constraint: Evidence from Czech Panel Data

Lizal, Lubomir; Svejnar, Jan - 2001

Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-98, we find that (a) foreign owned companies invest the most and cooperatives the least, (b) private firms do not invest more than...

Persistent link: https://www.econbiz.de/10009477243