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Eine makroökonometrische Analyse von Kreditmarkt und Kreditrationierung: Bankkredite in der Bundesrepublik Deutschland 1974 - 1989

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  • Winker, Peter

Abstract

Mengenrationierungsmodelle erwiesen sich in den vergangenen Jahren als geeignete Instrumente, um Entwicklungen auf Güter- und Arbeitsmärkten zu beschreiben. Wesentliches Ingrediens dieser Modelle ist die Abkehr von der Annahme ständig preisgeräumter Märkte. Als Ursache für die Rationierung einer Marktseite wird unter anderem unvollständige oder asymmetrische Information genannt. Obwohl es eine recht ausgedehnte theoretische Literatur zur Mikrotheorie der Kreditrationierung gibt, die sich seit einigen Jahren vor allem auf den Aspekt asymmetrischer Information stützt, liegen bisher nur wenige empirische Arbeiten vor, die auch die Rationierung von Kredit- oder Kapitalmärkten in ihrer Modellierung zulassen. Aus einem Mikromodell des Kreditmarktes unter asymmetrischer Information wird in dieser Arbeit ein Mengenrationierungsansatz auf Makroebene abgeleitet. Neben einer Übersicht über die Ergebnisse anderer empirischer Arbeiten werden Schätzergebnisse für den bundesdeutschen Kreditmarkt in den Jahren 1974-1989 wiedergegeben.

Suggested Citation

  • Winker, Peter, 1994. "Eine makroökonometrische Analyse von Kreditmarkt und Kreditrationierung: Bankkredite in der Bundesrepublik Deutschland 1974 - 1989," Discussion Papers, Series II 220, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
  • Handle: RePEc:zbw:kondp2:220
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    Cited by:

    1. Smolny, Werner, 1995. "Employment and unemployment in Germany: Some results from a macroeconomic disequilibrium model," Discussion Papers, Series II 247, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".

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