A Dynamic Theory of Lending Standards
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下载链接：
https://www.nber.org/papers/w27610
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资源简介：
We analyze a dynamic credit market where banks choose lending standards, modeled as costly effort to screen out bad borrowers. Tighter standards worsen the borrower pool, increasing banks incentives to employ tight standards in the future. This dynamic complementarity in lending standards can
提供机构：
美国国家经济研究局
创建时间：
2020-08-01
