Article ID Journal Published Year Pages File Type
5055402 Economic Modelling 2011 11 Pages PDF
Abstract
► We model credit rationing and interest rates through the capital accumulation process. ► Rationing decreases as capital accumulates and enforcement cost decreases. ► The evolution of the interest spread depends on the enforcement cost. ► Interest factor dominates interest spread as proxy of credit rationing.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Credit rationing, interest rates and capital accumulation
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