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Analysis of credit rationing in commodity, money and bond Markets; by the use of walras’s law

Asgar Abolhasani

Volume 16, Issue 48 , October 2011, , Pages 1-24

Abstract
  One of the most important issues in financial market particularly for banks is the issue of asymmetric information. Adverse selection could be made from the lack of sufficient information about credit specification, type of preferences and in general, rate of risk taken by borrowers. In this situation ...  Read More