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Rationnement de crédit et réactions des entreprises

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  • Patrick Artus

Abstract

[eng] Credit rationing and firms reactions . Patrick Artus. In that article, a complete rnodel of firms' behaviour is estimated in order to analyse their reactions when they are rationed on the domestic credit market. In that situation, they can reduce their inventories, investment, money holdings, dividende, wage bill : increase their prices and credit demand in foreign currencies. The use of estimation techniques for markets in desequilibrium permits to have an idea of the intensity of those various reactions. [fre] Dans cet article, un modèle complet de comportement des entreprises est estimé afin d'analyser l'ensemble de leurs réactions en cas de rationnement du crédit intérieur ; elles peuvent alors réduire leurs stocks, leurs investissements, leurs encaisses monétaires, les dividendes et salaires versés, accroître leurs prix, leur recours au crédit en devises. L'utilisation de techniques d'estimation pour les marchés en déséquilibre permet de mesurer l'ampleur de ces différentes réactions.

Suggested Citation

  • Patrick Artus, 1985. "Rationnement de crédit et réactions des entreprises," Revue Économique, Programme National Persée, vol. 36(6), pages 1207-1246.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1985_num_36_6_408889
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    References listed on IDEAS

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    1. Patrick Artus, 1984. "Le fonctionnement du marché du crédit : diverses analyses dans un cadre de déséquilibre," Revue Économique, Programme National Persée, vol. 35(4), pages 591-622.
    2. Artus, Patrick & Laroque, Guy & Michel, Gilles, 1984. "Estimation of a Quarterly Macroeconomic Model with Quantity Rationing," Econometrica, Econometric Society, vol. 52(6), pages 1387-1414, November.
    3. Laffont, Jean-Jacques & Monfort, Alain, 1979. "Disequilibrium econometrics in dynamic models," Journal of Econometrics, Elsevier, vol. 11(2-3), pages 353-361.
    4. Jacques Mélitz & Henri Sterdyniak, 1979. "The monetary approach to official reserves and foreign exchange rate in France, 1962-1974," Sciences Po publications info:hdl:2441/5463, Sciences Po.
    5. repec:hal:wpspec:info:hdl:2441/5463 is not listed on IDEAS
    6. repec:hal:spmain:info:hdl:2441/5463 is not listed on IDEAS
    7. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
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