Credit rationing in international capital markets : an empirical analysis (English)

This paper investigates the empirical significance of the rationing of credit to developing countries during the second half of the 1970's. It also identifies some determinants of the level of such rationing. Differences in the response of optimal borrowing to exogenous shocks when credit is rationed relative to when such constraints do not exist are derived from an intertemporal optimization framework. This permits the joint estimation of separate...

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Author

Kharas, H.;

Shishido, H.;
Document Date
1984/10/31
Document Type
Departmental Working Paper
Report Number
CPD8424
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/11/18
Disclosure Status
Disclosed
Doc Name
Credit rationing in international capital markets : an empirical analysis
Keywords
credit rationing

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Kharas, H.; Shishido, H..

Credit rationing in international capital markets : an empirical analysis (English). Country Policy Department discussion paper|no. CPD 8424 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/239221492127447510

Credit rationing in international capital markets : an empirical analysis (English)

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