Financial Intermediation Business Failures And Real Business Cycles
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Financial Intermediation Business Failures And Real Business Cycles
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Author : University of Western Ontario. Department of Economics
language : en
Publisher: London : Department of Economics, University of Western Ontario
Release Date : 1985
Financial Intermediation Business Failures And Real Business Cycles written by University of Western Ontario. Department of Economics and has been published by London : Department of Economics, University of Western Ontario this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Business cycles categories.
Financial Intermediation And The Real Business Cycle
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Author : Brian Flynn
language : en
Publisher:
Release Date : 2018
Financial Intermediation And The Real Business Cycle written by Brian Flynn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Financial Intermediation Capital Spillovers And Business Fluctuation
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Author : Hans Gersbach
language : en
Publisher:
Release Date : 1998
Financial Intermediation Capital Spillovers And Business Fluctuation written by Hans Gersbach and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
We study how the financial intermediation sector interacts with the real sector over the business cycle. We examine an overlapping generations model in which financial intermediaries can alleviate agency problems of entrepreneurs. We identify the conditions under which deteriorating balance sheets of firms affect the future lending of intermediaries and induce a lending channel effect. We show that such negative capital spillovers are less likely the greater are the agency problems that are not eliminated by financial intermediaries. We obtain a negative relationship between the extent of capital market frictions and the size and persistence of output fluctuations. Finally, our model generates a set of theoretical predictions about the behaviour of macroeconomic variables such as monitoring intensity, deposit and lending rates and interest rate spreads over the business cycle.
The Great Recession
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Author : Robert L. Hetzel
language : en
Publisher: Cambridge University Press
Release Date : 2012-04-16
The Great Recession written by Robert L. Hetzel and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-16 with Business & Economics categories.
Argues that the 2008-9 recession needs to be understood as deriving from mistakes of central banks and regulators, not financial markets.
Handbook Of Monetary Economics 3a
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Author :
language : en
Publisher: Elsevier
Release Date : 2010-12-08
Handbook Of Monetary Economics 3a written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-08 with Business & Economics categories.
What tools are available for setting and analyzing monetary policy? World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Explores the models and practices used in formulating and transmitting monetary policies Raises new questions about the volume, price, and availability of credit in the 2007-2010 downturn Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years
Modern Business Cycle Theory
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Author : Robert J. Barro
language : en
Publisher:
Release Date : 1989
Modern Business Cycle Theory written by Robert J. Barro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
The new classical approach to macroeconomics, which assumes that people gather and use economic information efficiently, has been the most important theoretical advance since the Keynesian revolution of the 1930s. This book surveys the major contributions of the "second generation" of proponents of the new classical approach, emphasizing real business cycle theories and applying them to a variety of phenomena. The chapters include expositions of growth theory, real models of business fluctuations, the informational role of prices, consumption, fiscal policy, rules versus discretion in monetary policy, time consistency and policy, and monetary models. Although the chapters are aimed at advanced undergraduate- and graduate-level students, they will also be of interest to researchers who are looking for a compact and original exposition of the new classical macroeconomics.
Financial Intermediation And Deregulation
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Author : Tobias Miarka
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Financial Intermediation And Deregulation written by Tobias Miarka and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un profitable. They extend the loan if the success of the project is highly probable and if the revenues from that project are greater than the expenses of the bank for monitoring the customer. Assuming as Miarka does that the results from a successful project are certain, this model is an equivalent to minimizing moni toring costs. In fact, this is the outcome of the model. The banks are known to monitor their loans. They thereby signal to the capital market that they have tested the project. Therefore, the buyer of bonds of the company on the capital market may rest assured that the project is financially sound. The buyers of bonds thus avoid monitoring costs and can grant better credit conditions than the banks. Pur chasers of bor. . ds are free riders on the monitoring of the banks. Miarka tests his model econometrically. The results are amazingly supportive of the model.
Financial Intermediation And Business Cycles
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Author : Michael Scott Gibson
language : en
Publisher:
Release Date : 1993
Financial Intermediation And Business Cycles written by Michael Scott Gibson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Banks and banking categories.
Financial Constraints And Market Failures
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Author : Marcello Messori
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999-01-01
Financial Constraints And Market Failures written by Marcello Messori and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Business & Economics categories.
An Italian study group made up of seven economists report their findings on how the new Keynesian economics has reacted to challenges from new classical economics by strengthening the analytical power of its models. First they discuss the theoretical unde
Modern Financial Macroeconomics
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Author : Todd A. Knoop
language : en
Publisher: Wiley-Blackwell
Release Date : 2008-04-07
Modern Financial Macroeconomics written by Todd A. Knoop and has been published by Wiley-Blackwell this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-07 with Business & Economics categories.
Modern Financial Macroeconomics takes a non-technical approach in examining the role that financial markets and institutions play in shaping outcomes in the modern macro economy. Reviews historical and contemporary macroeconomic theory Examines governmental influence on moderating (or exacerbating) economic fluctuations Discusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes