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Imperfect Information and Credit Rationing Equilibrium: Evidence from Egypt
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Alaa El-Shazly
Published/Copyright:
August 1, 2005
This paper investigates the empirical significance of the concept of credit rationing equilibrium. The evidence from a disequilibrium model of the credit market with application to Egypt provides support for this concept. In particular, loan supply is not found an increasing function of the return on intermediated credit. Also, expectations on the state of the economy appear to explain the changing pattern of credit rationing over time.
Published Online: 2005-8-1
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
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- Economic Trilemma and Exchange Rate Management in Egypt
- International Diversification Benefits between US, Turkish and Egyptian Stock Markets
- The Validity of Purchasing Power Parity Hypothesis for Eleven Middle Eastern Countries
- Imperfect Information and Credit Rationing Equilibrium: Evidence from Egypt
- Book Review
Articles in the same Issue
- Article
- Economic Trilemma and Exchange Rate Management in Egypt
- International Diversification Benefits between US, Turkish and Egyptian Stock Markets
- The Validity of Purchasing Power Parity Hypothesis for Eleven Middle Eastern Countries
- Imperfect Information and Credit Rationing Equilibrium: Evidence from Egypt
- Book Review
