Buch

Information and credit cycles: Causes and consequences of financial instability

This thesis consists of an introductory chapter and three self-contained essays that apply insights from the microeconomic theory of corporate finance in a macroeconomic setting in order to explain and understand various market failures that were at the roots of the global financial crisis of 2007–2009. In particular, I study various forms of incomplete information in the credit market, and their implications on financial stability and on business cycles in the aggregate economy. I also seek to understand how monetary and macroprudential policies can be used to maintain financial stability, and how these two policies interact.

ISBN
978-952-323-228-0
Language
Englisch

Bibliographic citation
Series: Scientific monographs ; No. E:52

Classification
Wirtschaft
Subject
Subprime-Krise
Kreditmarkt
Wohnungsmarkt
Unvollkommene Information
Marktversagen
Geldpolitik
Finanzmarktaufsicht
USA

Event
Geistige Schöpfung
(who)
Silvo, Aino
Event
Veröffentlichung
(who)
Bank of Finland
(where)
Helsinki
(when)
2018

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Buch

Associated

  • Silvo, Aino
  • Bank of Finland

Time of origin

  • 2018

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