Rationing in a Theory of the Banking Firm
In: Studies in Contemporary Economics
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 -- 3.2 A Model of Borrower Behavior -- 3.3 Equilibrium in the Loan Market -- 3.4 The Role of Collateral in a Loan Contract -- 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.