Working Paper
A note on absolute priority rule violations, credit rationing, and efficiency
Abstract: An argument that APR violations exacerbate credit rationing problems by reducing the payment lenders receive in default states.
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https://fraser.stlouisfed.org/title/working-paper-federal-reserve-bank-cleveland-4494/a-note-absolute-priority-rule-violations-credit-rationing-efficiency-494634
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1995
Number: 9513