Arbeitspapier
Finance and economic development in a model with credit rationing
This paper develops a simple model with credit rationing and endogenous default risk in which the expectation of a bailout may lead to a financial sector which is too large with respect to the the social optimum. The paper concludes with a short discussion of how this model could be used as a building block for models aimed at endogenizing the probability of a bailout, and discussing the relationship between the size of the finanancial sector and economic growth in the presence of default risk.
- Sprache
-
Englisch
- Erschienen in
-
Series: Graduate Institute of International and Development Studies Working Paper ; No. 02/2013
- Klassifikation
-
Wirtschaft
- Thema
-
Kreditrationierung
Schuldenübernahme
Schock
Finanzsektor
Wirtschaftswachstum
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Arcand, Jean-Louis
Berkes, Enrico
Panizza, Ugo
- Ereignis
-
Veröffentlichung
- (wer)
-
Graduate Institute of International and Development Studies
- (wo)
-
Geneva
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Arcand, Jean-Louis
- Berkes, Enrico
- Panizza, Ugo
- Graduate Institute of International and Development Studies
Entstanden
- 2013
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