Abstract
It would certainly be an exaggeration to claim that the preceding analysis has exhausted its subject. However, it has been shown that equilibrium credit rationing is possible under a variety of circumstances, and it is time to take stock of what has been achieved, and to identify areas of future research. The second aspect is discussed in the next two sections, where at first the potential of regulatory measures is considered, and afterwards macro-economic consequences of imperfect information in credit markets are treated. Let me turn first to an assessment of the analysis contained in the preceding six chapters.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1986 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Clemenz, G. (1986). Epilogue: Whither Now. In: Credit Markets with Asymmetric Information. Lecture Notes in Economics and Mathematical Systems, vol 272. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45614-5_9
Download citation
DOI: https://doi.org/10.1007/978-3-642-45614-5_9
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-16778-5
Online ISBN: 978-3-642-45614-5
eBook Packages: Springer Book Archive