International Bank Lending to LDCs: An I
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Prasanna. S. Gai
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Article
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1997
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John Wiley and Sons
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English
β 169 KB
The model demonstrates that the total lending that takes place in such an environment is higher than optimal, i.e. higher than the level of lending that would have occurred if both banks had full information about the debtor. The debtor, for its part, realises that lending will be higher and related