57 research outputs found

    Credit Rationing with Symmetric Information

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    Without denying the importance of asymmetric information, this article purports the view that credit rationing may also originate from a lender's inability to classify loan applicants in proper risk categories. This effect is particularly strong when novel technologies are involved. Furthermore, its relevance may increase with the importance assigned to internal rating systems by the Basel accord. This article presents a measure of the inadequacy of a lender's classification criteria to the qualitative features of prospective borrowers. Even without information asymmetries, credit rationing may occur if this quantity reaches too high a value. Furthermore, some general principles are outlined, that may be used by lenders in order to change their classification criteria

    Differential host utilisation by different life history stages of the fish ectoparasite Argulus foliaceus (Crustacea: Branchiura)

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    Contains fulltext : 72168.pdf (publisher's version ) (Open Access

    Risk, simulation, and the insurance industry

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    Dynamical systems and their applications: linear theory

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    Includes bibliographical references and index

    Linear dynamical systems

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    Alternate realities: mathematical models of nature and man

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    Mathematical mountaintops: the five most famous problems of all time

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    Imbedding methods in applied mathematics

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    Five golden rules: great theories of 20th-century mathematics - and why they matter

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