From Loan Pushing to Credit Rationing: A Brief Note on Interest Shocks in a Model by Basu

Thomas Ziesemer ()

Journal of Institutional and Theoretical Economics (JITE), 1997, vol. 153, issue 3, pages 569-

Abstract: BASU [1991], in his introduction, argues that the 1982 debt crisis can be interpreted as a transition from loan pushing to credit rationing induced by an interest shock. He analyzes how in international lending there can be equilibria with credit rationing and with loan pushing. He, and in fact the international credit literature, does not study how one of these regimes can give way to the oter although this is crucial for his suggested interpretation of the debt crisis. In this brief note, the conditions for such a transition from loan pushing to credit rationing are formulated within the framework of Basu's model.

JEL-codes: F34 (search for similar items in EconPapers)
Date: 1997

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:mhr:jinste:urn:sici:0932-4569(199709)153:3_569:flptcr_2.0.tx_2-p

Ordering information: This journal article can be ordered from
Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany

Access Statistics for this article

Journal of Institutional and Theoretical Economics (JITE) is edited by Elmar Wolfstetter and Yvan Lengwiler

More articles in Journal of Institutional and Theoretical Economics (JITE) from Mohr Siebeck, Tübingen
Series data maintained by Thomas Wolpert ().