Macro-Economic Equilibrium and Credit Rationing
收藏NBER1987-02-01 更新2025-01-11 收录
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https://www.nber.org/papers/w2164
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In this paper we investigate the macro-economic equilibria of an economy in which credit contracts have both adverse selection and incentive effects. The terms of credit contracts include both an interest rate and a collateral requirement. We show that in this richer model all types of borrowers may
本文考察了信贷合约同时兼具逆向选择（adverse selection）与激励效应的经济体的宏观经济均衡。信贷合约的条款同时涵盖利率与抵押要求（collateral requirement）。本文证明，在这一更为丰富的模型中，所有类型的借款者均可
提供机构：
美国国家经济研究局
创建时间：
1987-02-01
