EXCESS DEMAND, UNDERCAPITALIZATION, AND THE TRUE INTEREST RATE FOR CREDIT UNION LOANS IN UNORGANIZED MONEY MARKETS

Authors

  • David N. Holmes Jr.

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    • Economist, General Electric TEMPO. This paper is derived from my Ph.D. dissertation written at the University of California at Los Angeles. The guidance and criticism of Bruce Herrick and Jack Hirshleifer are gratefully acknowledged.

Errata

This article is corrected by:

  1. Errata: Errata: Excess Demand, Undercapitalization, and the True Interest Rate for Credit Union Loans in Unorganized Money Matters Volume 31, Issue 5, ix, Article first published online: December 1976

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