Innovation in banking and excessive loan growth / prepared by Daniel C. Hardy and Alexander F. Tieman.

The volume of credit extended by a bank can be an informative signal of its abilities in loan selection and management. It is shown that, under asymmetric information, banks may therefore rationally lend more than they would otherwise in order to demonstrate their quality, thus negatively affecting...

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Bibliographic Details
Main Authors: Hardy, Daniel C. L. (Author), Tieman, Alexander F. (Author)
Corporate Author: International Monetary Fund. Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, Monetary and Capital Markets Dept., 2008.
©2008
Series:IMF working paper ; WP/08/188.
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