Monitoring and commitment in bank lending behavior /
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| Author / Creator: | Blavy, Rodolphe, author. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, Western Hemisphere Dept., 2005. |
| Description: | 1 online resource (32 pages) |
| Language: | English |
| Series: | IMF working paper ; WP/05/222 IMF working paper ; WP/05/222. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12498717 |
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| 100 | 1 | |a Blavy, Rodolphe, |e author. |0 http://id.loc.gov/authorities/names/no2001094802 | |
| 245 | 1 | 0 | |a Monitoring and commitment in bank lending behavior / |c Rodolphe Blavy. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, Western Hemisphere Dept., |c 2005. | ||
| 300 | |a 1 online resource (32 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/05/222 | |
| 504 | |a Includes bibliographical references. | ||
| 520 | |a The paper proposes a theoretical argument on the nature of bank lending, based on the idea that, through commitment and monitoring, banks overcome basic informational asymmetries with borrowers. By bringing together loan commitment theories and credit rationing theories, the paper shows that, within a framework of asymmetric information between lenders and borrowers and under costly termination of lending arrangements, commitment may explain the accumulation of nonperforming loans by banks. Two additional results follow: (i) that banks favor borrowers with well-known production functions and long-term credit history; and (ii) that interest rate spreads may be large if significant market imperfections prevail. | ||
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. CONCEPTS, DEFINITIONS, AND THEORETICAL FRAMEWORK -- III. MONITORING AND BANK LENDING -- IV. TERMINATION COSTS AND COMMITMENT IN BANK LENDING -- V. MONITORING AND COMMITMENT WITH CREDIT HISTORY -- VI. CONCLUSIONS -- Appendix. Implicit Commitment with Credit History: Formalization -- REFERENCES | |
| 546 | |a English. | ||
| 650 | 0 | |a Bank loans |x Econometric models. | |
| 650 | 0 | |a Banks and banking. |0 http://id.loc.gov/authorities/subjects/sh85011609 | |
| 650 | 6 | |a Prêts bancaires |x Modèles économétriques. | |
| 650 | 7 | |a Bank loans |x Econometric models. |2 fast |0 (OCoLC)fst00826709 | |
| 650 | 7 | |a Banks and banking. |2 fast |0 (OCoLC)fst00826867 | |
| 655 | 4 | |a Electronic books. | |
| 710 | 2 | |a International Monetary Fund. |b Western Hemisphere Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n82237138 | |
| 776 | 0 | 8 | |i Print version: |a Blavy, Rodolphe. |t Monitoring and commitment in bank lending behavior. |d [Washington, D.C] : International Monetary Fund, Western Hemisphere Dept., 2005 |w (OCoLC)65175668 |
| 830 | 0 | |a IMF working paper ; |v WP/05/222. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2005/222/001.2005.issue-222-en.xml |y INTERNATIONAL MONETARY FUND |
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