01956cas a2200265 a 4500 AALejournalIMF018496 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484358191 1018-5941 BD-DhAAL BD-DhAAL Berger, Allen. Who Pays for Financial Crises? : Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks / Allen Berger, Tanakorn Makaew, Rima Turk-Ariss. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries containing over 18,000 business loans with information on the lender, the borrower, and contract terms, we find that publicly-listed borrowers are rationed more by prices or interest rates, whereas privately-held borrowers are rationed more by the number of loans. Also, the global financial crisis appears to have changed how banks price borrower risk. Further, there are important differences between foreign and domestic banks and between U.S. and non-U.S. loans. Mode of access: Internet Makaew, Tanakorn. Turk-Ariss, Rima. IMF Working Papers; Working Paper ; No. 2018/158 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/158/001.2018.issue-158-en.xml IMF e-Library