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Money and costly credit
Dong, Mei - 2011
I study an economy in which money and credit coexist as means of payment and the settlement of credit requires money. The model extends recent developments in microfounded monetary theory to address the choice of payment methods and the effects of inflation. Whether a buyer uses money or credit...
Persistent link: https://www.econbiz.de/10010279874
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Communal responsibility and the coexistence of money and credit under anonymous matching
Boerner, Lars; Ritschl, Albrecht - 2010
Communal responsibility, a medieval institution studied by Greif (2006), supported the use of credit among European merchants in the absence of modern enforcement technologies. This paper shows how this mechanism helps to overcome enforcement problems in anonymous buyer/seller transactions. In a...
Persistent link: https://www.econbiz.de/10010281523
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An empirical study of the Mexican banking system's network and its implications for systemic risk
Martínez-Jaramillo, Serafín; Alexandrova-Kabadjova, … - 2012
considerably after Lehmans failure; interconnectedness of a bank, estimated by the unified measure, is not necessarily related with …
Persistent link: https://www.econbiz.de/10010322574
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Merchant acceptance, costs, and perceptions of retail payments: A Canadian survey
Arango, Carlos; Taylor, Varya - 2008
Using the results of a survey on accepted means of payment, the authors examine merchant preferences and perceptions of retail payment reliability, risk, and costs; the share of each type of payment method over total sales; and the costs involved in accepting payments. Models are developed for...
Persistent link: https://www.econbiz.de/10010289672
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Introduction to the macroeconomic dynamics: Special issues on money, credit, and liquidity
Nosal, Ed; Waller, Christopher; Wright, Randall - 2010
We motivate and provide an overview to New Monetarist Economics. We then briefly describe the individual contributions to the Macroeconomics Dynamics special issues on money, credit and liquidity.
Persistent link: https://www.econbiz.de/10010292208
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Structure and Temporal Change of Credit Network between Banks and Large Firms in Japan
Fujiwara, Yoshi; Aoyama, Hideaki; Ikeda, Yuichi; … - 2009
Credit relationships between commercial banks and quoted firms are studied for the structure and its temporal change from the year 1980 to 2005. At each year, the credit network is regarded as a weighted bipartite graph where edges correspond to the relationships and weights refer to the amounts...
Persistent link: https://www.econbiz.de/10010298582
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Structure and Temporal Change of the Credit Network between Banks and Large Firms in Japan
Iyetomi, Hiroshi; Ikeda, Yuichi; Aoyama, Hideaki; … - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-7, pp. 1-18
We present a new approach to understanding credit relationships between commercial banks and quoted firms, and with this approach, examine the temporal change in the structure of the Japanese credit network from 1980 to 2005. At each year, the credit network is regarded as a weighted bipartite...
Persistent link: https://www.econbiz.de/10010298627
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Wider den Regulierungsreflex
Pfingsten, Andreas - In: Wirtschaftsdienst 87 (2007) 10, pp. 635-640
Nachdem die Immobilienkrise in den USA auch Deutschland erreicht und die IKB Deutsche Industriebank AG sowie die sächsische Landesbank Sachsen LB in Schwierigkeiten gebracht hat, werden Forderungen laut, die Banken stärker zu regulieren. Was sind die Ursachen für die Schwierigkeiten der...
Persistent link: https://www.econbiz.de/10010303614
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Do Lending Relationships Matter? Evidence from Bank Survey Data in Germany
Lehmann, Erik; Neuberger, Doris - 2000
Strong lending relationships between banks and small and medium-sized enterprises (SMEs) play a key role in the bank … long-term bank-customer relationships. In contrast, the present paper also considers interactional variables which try to … measure social relations between loan officer and firm manager. Using bank survey data, the relationship and interaction …
Persistent link: https://www.econbiz.de/10010324040
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How much do bank shocks affect investment? Evidence from matched bank-firm loan data
Amiti, Mary; Weinstein, David E. - 2013
developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank …-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks … economy, which creates a role for granular shocks, as in Gabaix (2011). As a result, idiosyncratic bank shocks - movements in …
Persistent link: https://www.econbiz.de/10010333636