Rationing in a Theory of the Banking Firm

Rationing in a Theory of the Banking Firm

by Timothy M. Devinney

Paperback(Softcover reprint of the original 1st ed. 1986)

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Product Details

ISBN-13: 9783540160526
Publisher: Springer Berlin Heidelberg
Publication date: 03/17/1986
Series: Studies in Contemporary Economics
Edition description: Softcover reprint of the original 1st ed. 1986
Pages: 104
Product dimensions: 6.69(w) x 9.61(h) x 0.01(d)

Table of Contents

1 Summary.- 2 Background and Literature Review.- 2.1 The Availability Doctrine.- 2.2 The Early Theory.- 2.3 Information-Based Theories.- 2.4 Summary of Credit Rationing Theory.- 3 A Theory of Credit Rationing.- 3.1 A Model of Bank Operation and Loan Supply.- 3.1.1 Screening Technology.- 3.1.2 Collection Technology.- 3.1.3 Determination of the Base Default Probability.- 3.1.4 Bank Profit Function.- 3.1.5 Lender Contract Offers.- 3.1.6 Summary of the Bank Model.- 3.2 A Model of Borrower Behavior.- 3.2.1 The Default/Non Default Choice.- 3.2.2 Summary of the Borrower Model.- 3.3 Equilibrium in the Loan Market.- 3.3.1 A Single Contract “Pooling” Equilibrium.- 3.3.2 A Multiple-Contract Equilibrium.- 3.3.3 Summary of the Loan Market Equilibrium.- 3.4 The Role of Collateral in a Loan Contract.- 3.4.1 Lender Operations with Collateral.- 3.4.2 Borrower Behavior with Collateral.- 3.4.3 Collateral as a Signal.- 3.4.4 Equilibrium with Collateral.- 3.4.5 Summary of the Role of Collateral.- 3.5 Screening as a Signal.- 3.6 Summary of the Theory of Credit Rationing.- 4 Customer Relations.- 4.1 Background on Customer Relations Models.- 4.2 A Multi-Period Model.- 4.3 A Multi-Period Model with Changing Information.- 4.4 Summary of Customer Relations.- 5 Conclusions and Implications.- 5.1 Rationing in a General Equilibrium Framework.- 5.2 Regulatory Implications.- 5.3 Monetary Policy Implications.- 5.4 Summary.- References.

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