Financial Liberalization and Intervention: A New Analysis of Credit Rationing

Financial Liberalization and Intervention: A New Analysis of Credit Rationing

by Santonu Basu

Hardcover

$127.00
Want it by Wednesday, December 19 Order now and choose Expedited Shipping during checkout.

Product Details

ISBN-13: 9781840649659
Publisher: Elgar, Edward Publishing, Inc.
Publication date: 01/01/2002
Series: New Directions in Modern Economics Series
Pages: 168
Product dimensions: 5.60(w) x 8.60(h) x 0.70(d)

Table of Contents

Prefacevii
1General Introduction1
2A critical review of the literature on credit rationing16
2.1The availability doctrine17
2.2The ceiling on interest rates as a possible explanation for banks refusing loans to some borrowers24
2.3Capacity to pay does not rise in proportion to the rise in the contractual payment: an explanation of credit rationing29
3The theory of credit rationing revisited39
3.1Introduction39
3.2The credit standard41
3.3Credit risk47
3.4Differential access to the loan market53
3.5Conclusion58
4Financial liberalization64
4.1Introduction64
4.2Are savings a function of interest rate?66
4.3The relationship between availability of credit and investment growth68
4.4Is it possible to switch between projects at zero cost?72
4.5Conclusion75
5Intervention I: The South Korean experience80
5.1Introduction80
5.2An analysis of why intervention is necessary and the form it could take81
5.3Where intervention went wrong86
5.4Conclusion94
6Intervention II: The Indian experience99
6.1Introduction99
6.2The Indian government's reasons for intervention and its consequences101
6.3An analysis of intervention107
6.4Conclusion115
7Concluding remarks121
References129
Index151

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews