haku: @author Sanders, T. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Sanders, T. |
| Otsikko: | A model for credit rationing by international banks |
| Lehti: | Journal of Multinational Financial Management
1999 : JAN, VOL. 9:1, p. 65-77 |
| Asiasana: | MODELS CREDIT BANKING |
| Kieli: | eng |
| Tiivistelmä: | The theory of credit rationing asserts that commercial banks tend to underprice the nominal interest rate and, in addition, adjust other factors of the loan contract. These various risk adjusters constitute a "price vector". A model is provided which demonstrates discrete tradeoffs between the interest rate and non-price adjusters such as loan size, maturity, compensating balances, and up-front loan fees. The model utilizes a modification of the assert pricing model to adjust for loan size. |
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