Publisher Summary Credit markets differ from standard markets in two important respects.
First, standard markets, which are the focus of classical competitive theory, involve a number …

Publisher Summary This chapter reviews the recent literature on disequilibrium and
selectivity models. The cornerstone of the disequilibrium models is the minimum condition …

This book presents the econometric analysis of single-equation and simultaneous-equation
models in which the jointly dependent variables can be continuous, categorical, or …

After a brief overview of current financing difficulties for SMEs and policy measures to
support SME lending during the crisis, this article presents a literature review related to …

This paper focuses on the access of independent French SMEs to bank lending and
analyzes whether the observed evolution of credit to SMEs over the recent period was …

Our objective here is to clarify the structure and behaviour of a simple macroeconomic
model with rationing, emphasising the interaction between the markets for goods and labour …

There has been a considerable amount of literature on the estimation of models which are in
disequilibrium (see Fair and Jaffe [1972] Fair and Kelejian [1974], Amemiya [1974], Maddala …

This study examines the importance of credit demand and credit supply-related factors in
explaining the evolution of credit granted to Portuguese SMEs. The results suggest that the …

Do banks deny credit to new start–ups? The presumption that they do has motivated
government intervention in several forms, including publicly backed loan guarantee …

NONPRICE CREDIT RATIONING IN the commercial loan market has received considerable
attention in the literature. Jaffee [19] attributes the first significant advance in the theory of …