Acharya, Viral V. (contributor); … - 2004 - [Elektronische Ressource]
typical
information-based models of herd behavior. We elaborate on this difference in Section 8.1.
2
gion of business cycle …-bank correlation. In contrast, when the expected
profitability of future lending business is high (the region of business cycle troughs … aggregate bank lending. An increase
in the likelihood of economic downturn, again a characteristic of business cycle peaks, also …