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The impact of bank health on coordination among creditors
Toyofuku, Kenta - In: Theoretical economics letters 3 (2013) 2, pp. 108-118
Persistent link: https://www.econbiz.de/10010239629
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Stability or restructuring? : macroeconomic dynamics under soft budget constraint problems
Toyofuku, Kenta - In: Economic systems 37 (2013) 4, pp. 625-649
Persistent link: https://www.econbiz.de/10010258545
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Soft budget constraints, bank capital, and the monetary transmission mechanism
Toyofuku, Kenta - In: Japan and the world economy : international journal of … 20 (2008) 2, pp. 194-216
Persistent link: https://www.econbiz.de/10003685777
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Unit of account, sovereign debt, and optimal currency area
Toyofuku, Kenta - In: Journal of international financial markets, … 75 (2021), pp. 1-16
Persistent link: https://www.econbiz.de/10012820788
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Stability or Restructuring? Macroeconomic Dynamics Under Soft Budget Constraint Problems
Toyofuku, Kenta - 2015
In this paper, we examine how a decrease in firms' productivity or the degree of financial market imperfection affects macroeconomic dynamics when the bank has an incentive to misallocate its credit. We develop a model that incorporates a soft budget constraint into a simplified version of...
Persistent link: https://www.econbiz.de/10013013742