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The financial accelerator in an evolving credit network

Delli Gatti, Domenico; Gallegati, Mauro; Greenwald, … - In: Journal of economic dynamics & control 34 (2010) 9, pp. 1627-1650

Persistent link: https://www.econbiz.de/10009125844

Business flutucations and bankruptcy avalanches in an evolving network economy

Delli Gatti, Domenico; Gallegati, Mauro; Greenwald, … - In: Journal of economic interaction and coordination : JEIC 4 (2009) 2, pp. 195-212

Persistent link: https://www.econbiz.de/10003891822

Short-term contracts as a monitoring device

Rey, Patrick - 1993

Persistent link: https://www.econbiz.de/10000885423

Short-term contracts as a monitoring device

Rey, Patrick; Stiglitz, Joseph E. - 1994

Persistent link: https://www.econbiz.de/10000895476

Short-Term Contracts as a Monitoring Device

Rey, Patrick - 1993

This paper focuses on two separate problems. The first is that frequently, the most profitable use of funds involves long-term investments, which militiates for long-term debt contracts. The second problem is to monitor the investor's use of funds, as exemplified by the U.S. S&L saga, and we...

Persistent link: https://www.econbiz.de/10012474431