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- W2273396882 abstract "This paper presents a theoretical model of lending which emphasizes the role of asymmetric information and total debt service obligations between creditors and debtors. The analytical approach is based upon that of Stiglitz and Weiss (1981); however, emphasis here is placed upon collateral policy aspects of credit contracts as compared to the interest rate policy aspects. It is demonstrated that under certain market constellations, even assuming a completely flexible collateral banking policy, the credit market may be characterized by a disequilibrium situation." @default.
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- W2273396882 date "1986-01-01" @default.
- W2273396882 modified "2023-09-22" @default.
- W2273396882 title "Collateral in Banking Policy and Adverse Selection" @default.
- W2273396882 hasPublicationYear "1986" @default.
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