We analyse credit allocation when limited-liable banks can engage in costly information production about borrowers. When perfectly diversified credit portfolios cannot be constructed, we show that credit allocation depends on bank capital and the number o

Arie L. Melnik، نويسنده , , Steven E. Plaut، نويسنده ,

روزنامه با شماره پیاپی سال 1998

19

431

449

debt markets , Credit quality , Regulation

Research in Economics

1998

Research in Economics

230981