Project Details
Description
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
| Status | Finished |
|---|---|
| Effective start/end date | 1/01/91 → 7/09/98 |
Keywords
- credit rationing
- monetary policy
- asymmetric information
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