Arbeitspapier
Credit cycles: Experimental evidence
Credit boom-busts are observed in experimental credit markets with perfect information, no aggregate shocks, and no speculative motive. By contrast, a stable outcome is observed in the island economy, which isolates the borrowers but is otherwise similar to the market economy. The higher willingness to pay for credit following higher market but not island interest rates is consistent with herding, which can create spiraling effects and predict a credit boom-bust.
- Language
-
Englisch
- Bibliographic citation
-
Series: SAFE Working Paper ; No. 104 [rev.]
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Massenot, Baptiste
- Event
-
Veröffentlichung
- (who)
-
Leibniz Institute for Financial Research SAFE
- (where)
-
Frankfurt a. M.
- (when)
-
2020
- DOI
-
doi:10.2139/ssrn.2607869
- 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
- Massenot, Baptiste
- Leibniz Institute for Financial Research SAFE
Time of origin
- 2020
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