Description: Financial Liberalization and Intervention : A New Analysis of Credit Rationing, Hardcover by Basu, Santonu, ISBN 1840649658, ISBN-13 9781840649659, Brand New, Free shipping in the US This book seeks to provide a coherent explanation as to why the policies of financial liberalization and financial intervention have been unable to achieve the goal of improving the access of borrowers to the loan market, irrespective of size. This is one of the prime criteria for achieving efficiency in the operation of the loan market and its failure has resulted in increased uncertainty and financial frailty. Santonu Basu develops an original theory of credit rationing which provides a theoretical explanation as to why neither policy has worked. He introduces two new concepts, namely credit standard and credit risk, in order to explain why bankers ration credit to some, while quite willingly offer loans to others. He then uses these two concepts to show why the implementation of either policy involves forcing or inducing the banking sector to relax its credit standard requirements. This in turn increases credit risk to an unprecendented level, thereby engendering either financial crisis or financial fragility. The author employs empirical evidence from both India and South Korea to demonstrate how these scenarios can unfold. Financial Liberalization and Intervention provides a comprehensive analysis of the uncertainty that prevails in the operation of the loan market. It will be welcomed by scholars and students of economics, policymakers, banking regulators and the financial sector as a whole.
Price: 154.3 USD
Location: Jessup, Maryland
End Time: 2024-12-19T21:58:09.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Return policy details:
Book Title: Financial Liberalization and Intervention : A New Analysis of Cre
Number of Pages: 168 Pages
Language: English
Publication Name: Financial Liberalization and Intervention : a New Analysis of Credit Rationing
Publisher: Elgar Publishing, Incorporated, Edward
Publication Year: 2002
Subject: Economics / Macroeconomics, Public Policy / Economic Policy, Money & Monetary Policy
Item Height: 0.7 in
Item Weight: 11.6 Oz
Type: Textbook
Author: Santonu Basu
Subject Area: Political Science, Business & Economics
Item Length: 8.7 in
Series: New Directions in Modern Economics Ser.
Item Width: 5.7 in
Format: Hardcover
