Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous …

Conventional wisdom in economics holds that traditional credit and insurance networks are inapt for insuring against … Savings and Credit Associations (Roscas), a popular group-based financial institution world-wide, in the aftermath of the 2004 … occupational groups, the price of credit and other loan characteristics. We find that the supply of funds in these local credit …

This paper explores the implications on trade and wage inequality of introducing financial capital or credit in the … standard Ricardian model of production, where a given amount of start-up credit is used to employ sector specific skilled and … Jones (1971) in a new Ricardian model (NRM) with credit and two types of labour. With an entirely different mechanism from …

outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of … credit or financial capital as past savings, finances employment and machines or capital goods used in the process of … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

credit-backed policy including a subsidy to parents, and a tax on skilled adults. A First Best is out of reach of the use …

growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and … medium enterprises in Brazil. Local credit supply shocks generate greater firm entry but also greater exit with no effect on …

The amount of credit in the economy is a heterogeneous aggregate that can be analyzed across different dimensions …. Considering such dimensions provides insights into the effect of monetary policy interventions because the credit components are …

several credit aggregates granted from bank and non-bank institutions for different scopes and developments in the US economy …