Credit and money supply reconsidered : the contribution of recent microeconomic banking models under asymmetric information

Project: Research

Project Details


The starting point of this research is an extension of Stiglitz and Weiss'model (1981) which explains credit rationing by asymmetric information. We introduce reserves management, a central bank É to analyze the monetary policy implications of such a mode
Effective start/end date1/01/917/09/98


  • credit rationing
  • monetary policy
  • asymmetric information


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