innovation can be applied to closely related environments used elsewhere in the literature that study insurance and credit … markets under limited commitment and private information. The analysis demonstrates clearly how insurance, credit, and money …

consequent asset-market crashes led by excessive credit expansion. …

delivered by Mr. Poole at St. Louis University on Oct. 20, 1998, which was titled "A Perspective on Credit Markets Today." …

achieved by embedding the Melitz (2003) model into an incomplete-markets neoclassical framework with an endogenous credit …

We analyze an exchange economy of unsecured credit where borrowers have the option to declare bankruptcy in which case … they are temporarily excluded from financial markets. Endogenous credit limits are imposed that are just tight enough to …

This paper argues that self-fulfilling beliefs in credit conditions can generate endoge- nously persistent business … productivity shocks. Capital from less productive firms is lent to more productive ones in the form of credit secured by collateral … and also as unsecured credit based on reputation. A dynamic complemen- tarity between current and future credit …

discusses the relevance of the more general concept of access to credit for firms engaging in international trade both in normal … times and during times credit may be scarcer because of a banking and financial crisis. Part of the paper focuses on the …