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their liabilities, thereby negatively affecting their interbank lenders even before a credit event occurs. In this paper, we …
Persistent link: https://www.econbiz.de/10011112050
that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where … mergers have occurred are more likely than other banks to deny credit to small business loan applicants. However, this … one set of banks, those in the process of acquiring other banks, are less likely to deny credit to small businesses. These …
Persistent link: https://www.econbiz.de/10005836119
significant because for the first time in Croatia there is a measure whose purpose is to affect specifically credit policy of the … Croatia is not willing to increase lending. The reason for lack of credit growth lies in two separate problems. The first … problem is the willingness of banks to have more credit risk and the second problem is the way monetary policy is conducted in …
Persistent link: https://www.econbiz.de/10011258106
The decades preceding the Great Depression and the U.S. subprime mortgage crisis have close similarities. Both decades were characterized by rapid growth without major contractions, by an increase in liquidity, a lack of inflation, and a generalized decrease in risk premiums. Additional...
Persistent link: https://www.econbiz.de/10011110198
gap by considering the links between the theory of cultural neuroscience and neuroeconomic theory of the role of attention … cultural neuroeconomic theory. Future study directions, employing computational modeling via neural networks, are briefly …
Persistent link: https://www.econbiz.de/10005034367
tests of the usefulness of these groups in the assessment of financial stability. The theory of strategic groups predicts … the existence of stable groups of companies, stemming from the strategy adopted by them. The theory also predicts that …
Persistent link: https://www.econbiz.de/10005619432
they affect investment decisions and whether one business will extend credit to another business. …
Persistent link: https://www.econbiz.de/10011257744
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive interactive profit expectations model (AIE)....
Persistent link: https://www.econbiz.de/10011260058
In this paper, a reinforcement learning version of the connections game first analysed by Jackson and Wolinsky is presented and compared with benchmark results of fully informed and rational players. Using an agent-based simulation approach, the main nding is that the pattern of reinforcement...
Persistent link: https://www.econbiz.de/10008765073
A constituent feature of adaptive complex system are non-linear feedback mechanisms between actors. This makes it often difficult to model and analyse them. Agent-based Computational Economics (ACE) uses computer simulation methods to represent such systems and analyse non-linear processes. The...
Persistent link: https://www.econbiz.de/10011113292