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Peut-il exister un droit au crédit ?

  • Michel Dietsch

[eng] Is a right for credit possible ? . For people who do not have any access to bank loans, the right of getting a loan is fundamentally a right to get access to liquidity services supplied by banks. This paper shows that there are three economic foundations of the exclusion of this right : the ambiguity of the information, the statistical discrimination, and the rigidity of the loan contracts. We also show that the solution is not to create specialized institutions in these clienteles. The solution is more to take benefit from the advantages of the loans portfolio diversification. It is also necessary to introduce more flexibility in the loans contracts. The regulatory authority could also receive incentives to check the loans portfolios of banks, in order to verify the existence of loans for certain categories of demanders that are ordinarily excluded. . JEL Classification : G21, G28 . . [fre] L’exclusion du crédit est fondamentalement, pour la plupart de ceux qui sont dans cette situation, une exclusion de l’accès aux services de liquidité des banques. On montre qu’il existe trois grands fondements économiques de cette exclusion : l’ambiguïté de l’information, la discrimination statistique et le caractère trop rigide des contrats de crédit. On montre aussi, à la lumière de travaux empiriques récents, que la création d’établissements spécialisés n’est pas une solution efficiente du problème de l’exclusion. Il n’existe pas de droit au crédit comme il existe un droit au compte. Cependant, il est possible de réduire l’exclusion par une meilleure utilisation des avantages offerts par la diversification des portefeuilles bancaires. Cela passe aussi notamment par une plus grande flexibilité des formules de crédit. Enfin, l’autorité publique pourrait veiller à la présence dans les portefeuilles des banques de crédits à certaines catégories de demandeurs habituellement exclus. . Classification JEL : G21, G28 . .

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Article provided by Programme National Persée in its journal Revue d'économie financière.

Volume (Year): 58 (2000)
Issue (Month): 3 ()
Pages: 135-150

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Handle: RePEc:prs:recofi:ecofi_0987-3368_2000_num_58_3_3487
Note: DOI:10.3406/ecofi.2000.3487
Contact details of provider: Web page: http://www.persee.fr/web/revues/home/prescript/revue/ecofi

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  1. Iftekhar Hasan & William C. Hunter, 1996. "Management efficiency in minority- and women-owned banks," Economic Perspectives, Federal Reserve Bank of Chicago, issue Mar, pages 20-28.
  2. Diamond, Douglas W, 1984. "Financial Intermediation and Delegated Monitoring," Review of Economic Studies, Wiley Blackwell, vol. 51(3), pages 393-414, July.
  3. Becker, Gary S., 1971. "The Economics of Discrimination," University of Chicago Press Economics Books, University of Chicago Press, edition 2, number 9780226041162.
  4. Avery, Robert B. & Bostic, Raphael W. & Samolyk, Katherine A., 1998. "The role of personal wealth in small business finance," Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 1019-1061, August.
  5. Mitchell A. Petersen & Raghuram G. Rajan, 1994. "The Effect of Credit Market Competition on Lending Relationships," NBER Working Papers 4921, National Bureau of Economic Research, Inc.
  6. Berger, Allen N & Udell, Gregory F, 1995. "Relationship Lending and Lines of Credit in Small Firm Finance," The Journal of Business, University of Chicago Press, vol. 68(3), pages 351-81, July.
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