Two kinds of credit rationing

Authors

  • H.W. ARNDT

DOI:

https://doi.org/10.13133/2037-3643/10754

Keywords:

Financial development, interest rates, credit rationing, bank rationing, government rationing

Abstract

Some advocates of financial development have made a powerful case against government control of interest rates by resting their case on the discriminatory effects of credit rationing. In doing so they have confused the issues by attributing to government controls the consequences which normally flow from credit rationing by banks even in the absence of legal control. The object of the article is to clear up the confusion by distinguishing more clearly between two kinds of credit rationing, “bank rationing” and “government rationing”.

 

JEL: E51, E43

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Published

2013-10-11

How to Cite

ARNDT, H. (2013). Two kinds of credit rationing. PSL Quarterly Review, 35(143). https://doi.org/10.13133/2037-3643/10754

Issue

Vol. 35 No. 143 (1982)

Section

Editorial

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