Showing 1 - 10 of 10,946
private savings, private sector credit, public sector credit, interest rate spread, exchange rates and economic growth. We …
Persistent link: https://www.econbiz.de/10010556624
between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …
Persistent link: https://www.econbiz.de/10012963911
International comparisons reveal that - even controlling for a host of explanatory factors - credit depth is … exceptionally low in Mexico. Using panel data methods linking credit growth and fundamentals, this paper estimates a long-term gap … between actual and expected credit of about 40 percent of GDP. Possible explanations include the history of banking crises …
Persistent link: https://www.econbiz.de/10012112941
In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes … market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical … conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …
Persistent link: https://www.econbiz.de/10009751106
This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …
Persistent link: https://www.econbiz.de/10010248859
the European Union member states that have large penetration of bank credit. Building on the model of financially open … increase in private bank credit relative to the gross domestic product (GDP) and the gap between real interest rate and GDP …
Persistent link: https://www.econbiz.de/10012054552
In this paper the authors build upon Assenza et al. (Credit networks in the macroeconomics from the bottom-up model …
Persistent link: https://www.econbiz.de/10011723851
In this paper the authors extend the macroeconomic agent-based model described in Delli Gatti, D., Desiderio, S., Gaffeo, E., Cirillo, P. and Gallegati, M. (Macroeconomics from the bottom-up, 2011) with the inclusion of a bank-bank network that mimics real-world dynamics of interbank markets....
Persistent link: https://www.econbiz.de/10011880809
In this paper the authors focus on credit connections as a potential source of systemic risk. In particular, they seek … to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question … this method they provide a community description of the Japanese bank-firm credit network, getting evidence of a …
Persistent link: https://www.econbiz.de/10009731380
The complexity of credit-money is conceived as the central issue in the banking-macro nexus, which the authors consider … consumption. The evolution of credit rules shapes economic networks between households, firms, banks, governments and central …
Persistent link: https://www.econbiz.de/10010199689