How Long to Read Rationing in a Theory of the Banking Firm

How Long Does it Take to Read Rationing in a Theory of the Banking Firm?

It takes the average reader 1 hour and 45 minutes to read Rationing in a Theory of the Banking Firm by Timothy M. Devinney

Assuming a reading speed of 250 words per minute. Learn more

Description

The existence of non-price rationing in credit markets is a subj ect, not only of paramount importance, but of considerable controversy, which is ultimately linked with our understanding, or lack thereof, of the basic nature of the banking firm. A recognition of this phenomenon is critical to the understanding of the banking firm in its major role as a financial intermediary. The banking firm serves as an intermediary in two important spheres, between borrower and lender, and between spenders and the monetary authorities. The basic economic formulation of borrower-lender behavior, the simple Fisherian consumption loan model, while beautiful in its simplicity, fail s to acknowledge any role for a non-neutral financial intermediary. The bank, in its second intermediary role, leads one to question the assumption of both neoclassical and Keynsian monetary theories that monetary changes are diffused across the economy (the proverbial monetary helicopter). Monetary policy effects on spending and investment will clearly be biased by the policies of the banks. The major focus of the present work is the development of a theory of credit rationing based upon the existence of risk reducing information technologies. Implicit in the analysis is a discussion of the role of the banking firm as something more than a tr·aditional financial intermediary. The present analysis will focus on the bank as an intermediary between borrower and lender. It will be shown that in .

How long is Rationing in a Theory of the Banking Firm?

Rationing in a Theory of the Banking Firm by Timothy M. Devinney is 104 pages long, and a total of 26,416 words.

This makes it 35% the length of the average book. It also has 32% more words than the average book.

How Long Does it Take to Read Rationing in a Theory of the Banking Firm Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 24 minutes to read Rationing in a Theory of the Banking Firm aloud.

What Reading Level is Rationing in a Theory of the Banking Firm?

Rationing in a Theory of the Banking Firm is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Rationing in a Theory of the Banking Firm?

Rationing in a Theory of the Banking Firm by Timothy M. Devinney is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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