Equilibrium Credit Rationing (Routledge Library Editions: Monetary Economics) - Softcover

Keeton, William R.

Softcover

ISBN 10: 1138633658 ISBN 13: 9781138633650

Publisher: Routledge, 2018

Synopsis

This study, first published in 1979, examines and contrasts two concepts of credit rationing. The first concept takes the relevant price of credit to be the explicit interest rate on the loan and defines the demand for credit as the amount an individual borrower would like to receive at that rate. Under the alternative definition, the price of credit consists of the complete set of loan terms confronting a class of borrowers with given characteristics, while the demand for credit equals the total number of loan which members of the class would like to receive at those terms. This title will be of interest to students of monetary economics.

About this title

About the Author

William Keeton was born in Houston, Texas on November 22, 1947. In 1964 he graduated from Winchester High School in Winchester, Massachusetts. He attended Yale University from 1964 to 1968, receiving a B.A. in Political Science and Economics and an M.A. in Economics. From 1968 to 1970 he served as a Peace Corps Volunteer in Colombia and from 1970 to 1972 he worked at the Council of Economic Advisers.

Edition details

• Publisher: Routledge
• Publication date: 2018
• Language: English
• ISBN 10: 1138633658
• ISBN 13: 9781138633650
• Binding: Paperback
• Edition number: 1
• Number of pages: 310