Credit Rationing/equilibrium Credit Rationing/stiglitz and Weiss

Famous quotes containing the words credit and/or equilibrium:

    “What are the characteristics of today’s world so that one may recognize it by them?” It pays pensions and borrows money: credit and monuments.
    Franz Grillparzer (1791–1872)

    There is a relation between the hours of our life and the centuries of time. As the air I breathe is drawn from the great repositories of nature, as the light on my book is yielded by a star a hundred millions of miles distant, as the poise of my body depends on the equilibrium of centrifugal and centripetal forces, so the hours should be instructed by the ages and the ages explained by the hours.
    Ralph Waldo Emerson (1803–1882)