A01=William R. Keeton
advanced credit allocation models
Adverse Indirect Effect
Author_William R. Keeton
Banks Ration Credit
Borrower's Choice
Borrower’s Choice
Category=KCA
Category=KCBM
Category=KCH
Contract Curve
Credit
Cumulative Distribution Function
Economics
Economy
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equilibrium Credit Rationing
Equilibrium Loan
Equilibrium Point
financial intermediation
Firm's Total Profits
Firm’s Total Profits
Greater Labor Intensity
Implicit Price
interest rate ceilings
Iso-profit Curve
Iso-utility Curve
loan market structure
Loan Rate
Loan Rate Ceiling
Loan Size
Marginal Returns
Monetary
monetary policy analysis
moral hazard theory
Naive Model
nonhomogeneous goods markets
Opportunity Rate
Project Characteristics
Rationing
Short Run Equilibrium
Total Lending
Product details
- ISBN 9781138633643
- Weight: 453g
- Dimensions: 156 x 234mm
- Publication Date: 19 Apr 2017
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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This study, first published in 1979, examines and contrasts two concepts of credit rationing. The first concept takes the relevant price of credit to be the explicit interest rate on the loan and defines the demand for credit as the amount an individual borrower would like to receive at that rate. Under the alternative definition, the price of credit consists of the complete set of loan terms confronting a class of borrowers with given characteristics, while the demand for credit equals the total number of loan which members of the class would like to receive at those terms. This title will be of interest to students of monetary economics.
William Keeton was born in Houston, Texas on November 22, 1947. In 1964 he graduated from Winchester High School in Winchester, Massachusetts. He attended Yale University from 1964 to 1968, receiving a B.A. in Political Science and Economics and an M.A. in Economics. From 1968 to 1970 he served as a Peace Corps Volunteer in Colombia and from 1970 to 1972 he worked at the Council of Economic Advisers.
