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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 …. Enforceability within each village's centralized afternoon market ensures collateralization of credit in decentralized markets. In … the resulting equilibrium, money and credit coexist in decentralized markets if the use of credit is costly. Our analysis …
Persistent link: https://www.econbiz.de/10010281523
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Communal Responsibility and the Coexistence of Money and Credit under Anonymous Matching
Boerner, Lars; Ritschl, Albrecht - 2011
Communal responsibility, a medieval institution studied by Greif (2006), supported the use of credit among European …. Enforceability within each village's centralized afternoon market ensures collateralization of credit in decentralized markets. In … the resulting equilibrium, money and credit coexist in decentralized markets if the use of credit is costly. Our analysis …
Persistent link: https://www.econbiz.de/10012669356
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Communal Responsibility and the Coexistence of Money and Credit under Anonymous Matching
Boerner, Lars; Ritschl, Albrecht - European Historical Economics Society - EHES - 2011
Communal responsibility, a medieval institution studied by Greif (2006), supported the use of credit among European …. Enforceability within each village's centralized afternoon market ensures collateralization of credit in decentralized markets. In … the resulting equilibrium, money and credit coexist in decentralized markets if the use of credit is costly. Our analysis …
Persistent link: https://www.econbiz.de/10009415631
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Communal Responsibility and the Coexistence of Money and Credit Under Anonymous Matching
Boerner, Lars; Ritschl, Albrecht - Centre for Economic Performance, LSE - 2010
Communal responsibility, a medieval institution studied by Greif (2006), supported the use of credit among European …. Enforceability within each village's centralized afternoon market ensures collateralization of credit in decentralized markets. In … the resulting equilibrium, money and credit coexist in decentralized markets if the use of credit is costly. Our analysis …
Persistent link: https://www.econbiz.de/10009643552
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Communal Responsibility and the Coexistence of Money and Credit Under Anonymous Matching
Boerner, Lars; Ritschl, Albrecht - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2010
Communal responsibility, a medieval institution studied by Greif (2006), supported the use of credit among European …. Enforceability within each village's centralized afternoon market ensures collateralization of credit in decentralized markets. In … the resulting equilibrium, money and credit coexist in decentralized markets if the use of credit is costly. Our analysis …
Persistent link: https://www.econbiz.de/10008765724
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The Financial Power of the Powerless: Socio-Economic Status and Interest Rates under Partial Rule of Law
Kuran, Timur; Rubin, Jared - Economic Science Institute (ESI), Argyros School of … - 2014
In advanced economies interest rates generally vary inversely with the borrower’s socio-economic status, because status tends to depend inversely on default risk. Both of these relationships depend critically on the impartiality of the law. Specifically, they require a lender to be able to sue...
Persistent link: https://www.econbiz.de/10011096835
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The Great Leveraging
Taylor, Alan M. - C.E.P.R. Discussion Papers - 2012
ever before as measured by importance of credit in the economy. I term this long-run evolution “The Great Leveraging” and …
Persistent link: https://www.econbiz.de/10011084609
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Evidenţe empirice privind cauzele declinului exportului european
Dan, Olteanu - In: Revista OEconomica (2012) 03
The current study firstly conducts an analysis of the factors and the way they have influenced the dynamics and structure characteristics of European exports during the global crisis, focusing on elements specific to emerging European countries. Secondly, we performed a quantitative analysis on...
Persistent link: https://www.econbiz.de/10010965571
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Credit constraints in general equilibrium: Experimental results
Bosch-Domènech, Antoni; Silvestre, Joaquim - Department of Economics and Business, Universitat … - 1996
Our work attempts to investigate the influence of credit tightness or expansion on activity and relative prices in a … involving the use of credit. The experiments display two regimes, characterized by high and low credit availability. The … critical value of credit at the common boundary of the two regimes has a compelling interpretation as the maximal credit use at …
Persistent link: https://www.econbiz.de/10005772528
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Default and Bankruptcy in a Multistage Exchange Economy
Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 1990
Either lending must be secured or otherwise some form of default or bankruptcy rules are required to provide a disincentive against strategic default. When many time periods are involved, the mere specification of a penalty which is sufficient for one period of trade, is not sufficient. The...
Persistent link: https://www.econbiz.de/10005093937