The Journal of Finance publishes leading research across all the major fields of finance. It is one of the most widely cited journals in academic finance, and in all of economics. Each of the six issues per year reaches over 8,000 academics, finance professionals, libraries, and government and financial institutions around the world. The journal is the official publication of The American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics.
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Search results: 9.
DISCUSSION
Published: 06/01/1978 | DOI: 10.1111/j.1540-6261.1978.tb02035.x
Jack Guttentag
MORTGAGE WAREHOUSING
Published: 12/01/1957 | DOI: 10.1111/j.1540-6261.1957.tb04158.x
Jack Guttentag
Credit Rationing and Financial Disorder
Published: 12/01/1984 | DOI: 10.1111/j.1540-6261.1984.tb04912.x
JACK GUTTENTAG, RICHARD HERRING
We develop a model of lender behavior in the presence of default risk and moral hazard that determines default premiums and identifies the conditions under which borrowers are rationed. A hypothesis regarding a cognitive bias in the formation of expectations provides a dynamic component to our analysis and allows us to explain how an economy becomes vulnerable to a financial crisis and why vulnerability may increase over time.