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Why Bankers Ration Credit

Quarterly Journal of Economics 1965 79(3), 397
I. Introduction, 397. — II. Variation in optimal loan with interest rate on a fixed-size investment, 399. — III. Variation in optimal loan with interest rate on an open-end investment, 405. — IV. Aversion to risk and other factors which reduce variability in interest rates, 408. — V. Factors which cause some variation in interest rates, 415.