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On the coexistence of banks and markets
Gersbach, Hans; Uhlig, Harald - 2006
We examine the coexistence of banks and financial markets, studying a credit market where the qualities of investment projects are not observable and the investment decisions of entrepreneurs are not contractible. Standard banks can alleviate moral-hazard problems by securing a portion of a...
Persistent link: https://www.econbiz.de/10010263646
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On the coexistence of banks and markets
Gersbach, Hans (contributor); Uhlig, Harald (contributor) - 2006
We examine the coexistence of banks and financial markets, studying a credit market where the qualities of investment projects are not observable and the investment decisions of entrepreneurs are not contractible. Standard banks can alleviate moral-hazard problems by securing a portion of a...
Persistent link: https://www.econbiz.de/10003375777
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On the coexistence of banks and markets
Gersbach, Hans; Uhlig, Harald - In: The Scandinavian journal of economics 109 (2007) 2, pp. 225-243
Persistent link: https://www.econbiz.de/10003531332
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Debt contracts and collapse as competition phenomena
Gersbach, Hans; Uhlig, Harald - In: Journal of financial intermediation 15 (2006) 4, pp. 556-574
Persistent link: https://www.econbiz.de/10003395888
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Debt contracts, collapse and regulation as competition phenomena
Gersbach, Hans; Uhlig, Harald - 1998
Persistent link: https://www.econbiz.de/10000978176
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On the Coexistence of Banks and Markets
Gersbach, Hans; Uhlig, Harald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006
We examine the coexistence of banks and financial markets, studyinga credit market where the qualities of investment projects are notobservable and the investment decisions of entrepreneurs are not contractible...
Persistent link: https://www.econbiz.de/10005854968
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Debt contracts and collapse as competition phenomena
Gersbach, Hans; Uhlig, Harald - In: Journal of financial intermediation 15 (2006) 4, pp. 556-574
Persistent link: https://www.econbiz.de/10007291836
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On the Coexistence of Banks and Markets
Gersbach, Hans; Uhlig, Harald - In: The Scandinavian journal of economics 109 (2007) 2, pp. 225-244
Persistent link: https://www.econbiz.de/10007766652
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Debt contracts, collapse and regulation as competition phenomena
Gersbach, Hans - 1997
Persistent link: https://www.econbiz.de/10013422451
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On the Coexistence of Banks and Markets
Gersbach, Hans; Uhlig, Harald - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006
We examine the coexistence of banks and financial markets, studying a credit market where the qualities of investment projects are not observable and the investment decisions of entrepreneurs are not contractible. Standard banks can alleviate moral-hazard problems by securing a portion of a...
Persistent link: https://www.econbiz.de/10005677908