Assessing the extent to which agents or firms face capital-market imperfections and quantity restrictions on credit is crucial for measuring intertemporal tradeoffs in consumption or the cost of capital for investment. In contrast to standard price-clearing, "full-information" models of loan...

Assessing the extent to which agents or firms face capital-market imperfections and quantity restrictions on credit is crucial for measuring intertemporal tradeoffs in consumption or the cost of capital for investment. In contrast to standard price-clearing, quot;full-informationquot; models of...

This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic commerce.

This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic commerce.