Asymmetric information in credit markets--implications for the transition in Eastern Germany
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Mayer, Colin, 1988.
"New issues in corporate finance,"
European Economic Review, Elsevier, vol. 32(5), pages 1167-1183, June.
- Mayer, Colin, 1987. "New Issues in Corporate Finance," CEPR Discussion Papers 181, C.E.P.R. Discussion Papers.
- Pohl, Rüdiger, 2000. "Die unvollendete Transformation - Ostdeutschlands Wirtschaft zehn Jahre nach Einführung der D-Mark," Wirtschaft im Wandel, Halle Institute for Economic Research (IWH), vol. 6(8), pages 221-240.
- de Meza, David & Webb, David, 1999. "Wealth, Enterprise and Credit Policy," Economic Journal, Royal Economic Society, vol. 109(455), pages 153-163, April.
- de Meza, David & Southey, Clive, 1996.
"The Borrower's Curse: Optimism, Finance and Entrepreneurship,"
Economic Journal, Royal Economic Society, vol. 106(435), pages 375-386, March.
- De Meza, D. & Southey, C., 1995. "The Borrower's Curse: Optimism, Finance and Enterpreneurship," Discussion Papers 9502, University of Exeter, Department of Economics.
- Bernanke, Ben & Gertler, Mark & Gilchrist, Simon, 1996.
"The Financial Accelerator and the Flight to Quality,"
The Review of Economics and Statistics, MIT Press, vol. 78(1), pages 1-15, February.
- Ben S. Bernanke & Mark Gertler & Simon Gilchrist, 1994. "The financial accelerator and the flight to quality," Finance and Economics Discussion Series 94-18, Board of Governors of the Federal Reserve System (U.S.).
- Bernanke, Ben & Gertler, Mark & Gilchrist, Simon, 1994. "The Financial Accelerator and the Flight to Quality," Working Papers 94-24, C.V. Starr Center for Applied Economics, New York University.
- Ben Bernanke & Mark Gertler & Simon Gilchrist, 1994. "The Financial Accelerator and the Flight to Quality," NBER Working Papers 4789, National Bureau of Economic Research, Inc.
- Blum, Jurg & Hellwig, Martin, 1995. "The macroeconomic implications of capital adequacy requirements for banks," European Economic Review, Elsevier, vol. 39(3-4), pages 739-749, April.
- Ben Bernanke & Mark Gertler, 1990.
"Financial Fragility and Economic Performance,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(1), pages 87-114.
- Ben Bernanke & Mark Gertler, 1987. "Financial Fragility and Economic Performance," NBER Working Papers 2318, National Bureau of Economic Research, Inc.
- Bernanke, Ben & Gertler, Mark, 1987. "Financial Fragility And Economic Performance," SSRI Workshop Series 292690, University of Wisconsin-Madison, Social Systems Research Institute.
- Peter Jäckel, 2001. "Verarbeitendes Gewerbe der neuen Bundesländer: 2001 nach sechs Jahren erstmals wieder Investitionsanstieg?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(13), pages 45-52, September.
- Allen N. Berger & Gregory F. Udell, 2002.
"Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure,"
Economic Journal, Royal Economic Society, vol. 112(477), pages 32-53, February.
- Allen N. Berger & Gregory F. Udell, 2001. "Small business credit availability and relationship lending: the importance of bank organizational structure," Finance and Economics Discussion Series 2001-36, Board of Governors of the Federal Reserve System (U.S.).
- Gale, William G, 1991.
"Economic Effects of Federal Credit Programs,"
American Economic Review, American Economic Association, vol. 81(1), pages 133-152, March.
- William G. Gale, 1988. "Economic Effects of Federal Credit Programs," UCLA Economics Working Papers 483, UCLA Department of Economics.
- Ernst-Ludwig von Thadden, 1995. "Long-Term Contracts, Short-Term Investment and Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(4), pages 557-575.
- R. Glenn Hubbard, 1998.
"Capital-Market Imperfections and Investment,"
Journal of Economic Literature, American Economic Association, vol. 36(1), pages 193-225, March.
- R. Glenn Hubbard, 1997. "Capital-Market Imperfections and Investment," NBER Working Papers 5996, National Bureau of Economic Research, Inc.
- Leland, Hayne E & Pyle, David H, 1977.
"Informational Asymmetries, Financial Structure, and Financial Intermediation,"
Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
- Hayne E. Leland and David H. Pyle., 1976. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Research Program in Finance Working Papers 41, University of California at Berkeley.
- Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
- David de Meza & David C. Webb, 1987. "Too Much Investment: A Problem of Asymmetric Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(2), pages 281-292.
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Bester, Helmut, 1985. "Screening vs. Rationing in Credit Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 75(4), pages 850-855, September.
- Xavier Freixas & Jean-Charles Rochet, 1997. "Microeconomics of Banking," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061937, December.
- de Meza, David & Webb, David, 2000. "Does credit rationing imply insufficient lending?," Journal of Public Economics, Elsevier, vol. 78(3), pages 215-234, November.
- George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
- Brinkmann, Emile J & Horvitz, Paul M, 1995. "Risk-Based Capital Standards and the Credit Crunch," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(3), pages 848-863, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Cristian Barra & Anna Papaccio, 2024. "A parametric approach to institutional quality and bank cost inefficiency in diversity context: The case of Italy," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 95(3), pages 723-759, September.
- Poghosyan, Tigran, 2011.
"Slowdown of credit flows in Jordan in the wake of the global financial crisis: Supply or demand driven?,"
Economic Systems, Elsevier, vol. 35(4), pages 562-573.
- Mr. Tigran Poghosyan, 2010. "Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis: Supply or Demand Driven?," IMF Working Papers 2010/256, International Monetary Fund.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:bla:scotjp:v:49:y:2002:i:2:p:162-95 is not listed on IDEAS
- Tuomas Takalo & Tanja Tanayama, 2010.
"Adverse selection and financing of innovation: is there a need for R&D subsidies?,"
The Journal of Technology Transfer, Springer, vol. 35(1), pages 16-41, February.
- Takalo, Tuomas & Tanayama, Tanja, 2008. "Adverse selection and financing of innovation: is there a need for R&D subsidies?," Bank of Finland Research Discussion Papers 19/2008, Bank of Finland.
- Tuomas Takalo & Tanja Tanayama, 2010.
"Adverse selection and financing of innovation: is there a need for R&D subsidies?,"
The Journal of Technology Transfer, Springer, vol. 35(1), pages 16-41, February.
- Takalo, Tuomas & Tanayama, Tanja, 2008. "Adverse selection and financing of innovation : is there a need for R&D subsidies?," Research Discussion Papers 19/2008, Bank of Finland.
- Ulrike Neyer, 2007. "Asymmetric Information and the Transmission Mechanism of Monetary Policy," German Economic Review, Verein für Socialpolitik, vol. 8(3), pages 428-446, August.
- repec:zbw:bofrdp:2008_019 is not listed on IDEAS
- Mark Gertler, 1988.
"Financial structure and aggregate economic activity: an overview,"
Proceedings, Federal Reserve Bank of Cleveland, pages 559-596.
- Gertler, Mark, 1988. "Financial Structure and Aggregate Economic Activity: An Overview," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(3), pages 559-588, August.
- Mark L. Gertler, 1988. "Financial Structure and Aggregate Economic Activity: An Overview," NBER Working Papers 2559, National Bureau of Economic Research, Inc.
- Takalo, Tuomas & Toivanen, Otto, 2003.
"Equilibrium in financial markets with adverse selection,"
Bank of Finland Research Discussion Papers
6/2003, Bank of Finland.
- Tuomas Takalo & Otto Toivanen, 2004. "Equilibrium in financial markets with adverse selection," Finance 0405001, University Library of Munich, Germany.
- Claudio A. Piga & Gianfranco Atzeni, 2007.
"R&D Investment, Credit Rationing And Sample Selection,"
Bulletin of Economic Research, Wiley Blackwell, vol. 59(2), pages 149-178, April.
- Gianfranco Atzeni & Claudio Piga, 2005. "R&D investment, Credit Rationing and Sample Selection," Discussion Paper Series 2005_6, Department of Economics, Loughborough University, revised Jun 2005.
- Markus K. Brunnermeier & Thomas M. Eisenbach & Yuliy Sannikov, 2012.
"Macroeconomics with Financial Frictions: A Survey,"
Levine's Working Paper Archive
786969000000000384, David K. Levine.
- Markus K. Brunnermeier & Thomas M. Eisenbach & Yuliy Sannikov, 2012. "Macroeconomics with Financial Frictions: A Survey," NBER Working Papers 18102, National Bureau of Economic Research, Inc.
- Calomiris, Charles W & Hubbard, R Glenn, 1990.
"Firm Heterogeneity, Internal Finance, and 'Credit Rationing.',"
Economic Journal, Royal Economic Society, vol. 100(399), pages 90-104, March.
- Charles W. Calomiris & R. Glenn Hubbard, 1988. "Firm Heterogeneity, Internal Finance, and `Credit Rationing'," NBER Working Papers 2497, National Bureau of Economic Research, Inc.
- Dean Karlan & Jonathan Zinman, 2009.
"Observing Unobservables: Identifying Information Asymmetries With a Consumer Credit Field Experiment,"
Econometrica, Econometric Society, vol. 77(6), pages 1993-2008, November.
- Dean Karlan & Jonathan Zinman, 2004. "Observing unobservables: Identifying information asymmetries with a consumer credit field experiment," Natural Field Experiments 00283, The Field Experiments Website.
- Dean Karlan & Jonathan Zinman, 2005. "Observing unobservables: identifying information asymmetries with a consumer-credit field experiment," Proceedings 961, Federal Reserve Bank of Chicago.
- Zinman, Jonathan & Karlan, Dean, 2007. "Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment," CEPR Discussion Papers 6182, C.E.P.R. Discussion Papers.
- Dean S. Karlan & Jonathan Zinman, 2005. "Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment," Working Papers 911, Economic Growth Center, Yale University.
- Karlan, Dean S. & Zinman, Jonathan, 2005. "Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment," Center Discussion Papers 28482, Yale University, Economic Growth Center.
- de Meza, David & Webb, David, 2000. "Does credit rationing imply insufficient lending?," Journal of Public Economics, Elsevier, vol. 78(3), pages 215-234, November.
- Takalo, Tuomas & Toivanen, Otto, 2003.
"Equilibrium in financial markets with adverse selection,"
Research Discussion Papers
6/2003, Bank of Finland.
- Tuomas Takalo & Otto Toivanen, 2004. "Equilibrium in financial markets with adverse selection," Finance 0405001, University Library of Munich, Germany.
- repec:zbw:bofrdp:2003_006 is not listed on IDEAS
- Janvier D. Nkurunziza, 2005. "Reputation and Credit without Collateral in Africa`s Formal Banking," Economics Series Working Papers WPS/2005-02, University of Oxford, Department of Economics.
- Petrick, Martin, 2004.
"Governing Structural Change And Externalities In Agriculture: Toward A Normative Institutional Economics Of Rural Development,"
IAMO Discussion Papers
14878, Institute of Agricultural Development in Transition Economies (IAMO).
- Petrick, Martin, 2004. "Governing structural change and externalities in agriculture: toward a normative institutional economics of rural development," IAMO Discussion Papers 73, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
- Paul Mizen & Cihan Yalcin, 2006.
"Monetary Policy, Corporate Financial Composition and Real Activity,"
CESifo Economic Studies, CESifo Group, vol. 52(1), pages 177-213, March.
- Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," Working Papers 0601, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Berger, Allen N. & Espinosa-Vega, Marco A. & Frame, W. Scott & Miller, Nathan H., 2011.
"Why do borrowers pledge collateral? New empirical evidence on the role of asymmetric information,"
Journal of Financial Intermediation, Elsevier, vol. 20(1), pages 55-70, January.
- Allen N. Berger & Marco A. Espinosa-Vega & W. Scott Frame & Nathan H. Miller, 2007. "Why do borrowers pledge collateral? new empirical evidence on the role of asymmetric information," FRB Atlanta Working Paper 2006-29, Federal Reserve Bank of Atlanta.
- Robert E. Carpenter & Bruce C. Petersen, 2002. "Capital Market Imperfections, High-Tech Investment, and New Equity Financing," Economic Journal, Royal Economic Society, vol. 112(477), pages 54-72, February.
- Galindo, Arturo & Schiantarelli, Fabio, 2002.
"Credit Constraints in Latin America: An Overview of the Micro Evidence,"
IDB Publications (Working Papers)
1438, Inter-American Development Bank.
- Arturo Galindo & Fabio Schiantarelli, 2002. "Credit Constraints in Latin America: An Overview of the Micro Evidence," Research Department Publications 4305, Inter-American Development Bank, Research Department.
- Arturo Galindo & Fabio Schiantarelli, 2002. "Credit Constraints in Latin America: An Overview of the Micro Evidence," Boston College Working Papers in Economics 537, Boston College Department of Economics.
- Arturo Galindo & Fabio Schiantarelli, 2002. "Credit Constraints in Latin America: An Overview of the Micro Evidence," Research Department Publications 3165, Inter-American Development Bank, Research Department.
- Francesco Cohen & Alessandro Fedele & Paolo M. Panteghini, 2016.
"Corporate taxation and financial strategies under asymmetric information,"
Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 33(1), pages 9-34, April.
- Francesco Cohen & Alessandro Fedele & Paolo Panteghini, 2014. "Corporate Taxation and Financial Strategies Under Asymmetric Information," CESifo Working Paper Series 4772, CESifo.
- Andy Cosh & Douglas Cumming & Alan Hughes, 2009.
"Outside Enterpreneurial Capital,"
Economic Journal, Royal Economic Society, vol. 119(540), pages 1494-1533, October.
- Andy Cosh & Douglas Cumming & Alan Hughes, 2009. "Outside Enterpreneurial Capital," Economic Journal, Royal Economic Society, vol. 119(540), pages 1494-1533, October.
- Andy Cosh & Douglas Cumming & Alan Hughes, 2005. "Outside Entrepreneurial Capital," Working Papers wp301, Centre for Business Research, University of Cambridge.
- Hoggarth, Glenn & Reis, Ricardo & Saporta, Victoria, 2002.
"Costs of banking system instability: Some empirical evidence,"
Journal of Banking & Finance, Elsevier, vol. 26(5), pages 825-855, May.
- Glenn Hoggarth & Ricardo Reis & Victoria Saporta, 2001. "Costs of banking system instability: some empirical evidence," Bank of England working papers 144, Bank of England.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecosys:v:28:y:2004:i:1:p:61-78. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://edirc.repec.org/data/osteide.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.