A mechanism for Thawing the credit markets

Edi Karni

This paper describes a mechanism designed to induce commercial banks to increase their willingness to extend loans in an economic environment characterized by increased uncertainty and diminished expectations. This mechanism is a new tool for the conduct of monetary policy to combat recessions. -- Mechanism design ; credit markets ; incentive scheme

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Year of publication:	2009
Authors:	Karni, Edi
Publisher:	Baltimore, Md. : Johns Hopkins Univ., Dep. of Economics
Subject:	Mechanismus-Design-Theorie \| Mechanism design \| Asymmetrische Information \| Asymmetric information \| Kreditmarkt \| Credit market \| Vertragstheorie \| Contract theory

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Extent:	Online-Ressource (8 S.)
Series:	Working papers / Department of Economics, The Johns Hopkins University. - Baltimore, Md. : [Verlag nicht ermittelbar], ZDB-ID 2189307-X. - Vol. 551
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat reader
Other identifiers:	hdl:10419/49904 [Handle]
Classification:	G01 - Financial Crises ; G10 - General Financial Markets. General ; D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003836600