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.
- Language
-
Englisch
- Bibliographic citation
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Series: Graduate Institute of International and Development Studies Working Paper ; No. 02/2013
- Classification
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Wirtschaft
- Subject
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Kreditrationierung
Schuldenübernahme
Schock
Finanzsektor
Wirtschaftswachstum
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Arcand, Jean-Louis
Berkes, Enrico
Panizza, Ugo
- Event
-
Veröffentlichung
- (who)
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Graduate Institute of International and Development Studies
- (where)
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Geneva
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Arcand, Jean-Louis
- Berkes, Enrico
- Panizza, Ugo
- Graduate Institute of International and Development Studies
Time of origin
- 2013
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