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of why money has real effects,and to suggest a new theory, or rather resurrect an old one--the loanable funds theory …
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An iconic model with high leverage and overvalued collateral assets is used to illustrate the amplification mechanism …
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We explore the properties of a credit network characterized by inside credit - i.e. credit relationships connecting downstream (D) and upstream (U) firms - and outside credit - i.e. credit relationships connecting firms and banks. The structure of the network changes over time due to the...
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An iconic model with high leverage and overvalued collateral assets is used to illustrate the amplification mechanism …
Persistent link: https://www.econbiz.de/10013145248
of why money has real effects,and to suggest a new theory, or rather resurrect an old one--the loanable funds theory …
Persistent link: https://www.econbiz.de/10013222997