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Die Rolle der Banken bei der Transformation von Finanz- in Sachkapital: Studie im Auftrag des Staatssekretariats für Wirtschaft SECO, Direktion für Wirtschaftspolitik, DPWW

Abrahamsen, Yngve; Dibiasi, Andreas; Drechsel, Dirk; … - 2013

Durch Bereitstellung von Krediten tragen Banken zur Transformation von Finanzkapital in Sachkapital bei. Die Kreditvergabepolitik der Schweizer Banken hat sich im vergangenen Vierteljahrhundert stark gewandelt. Basierend auf einem Datensatz (1987-2012) mit bankengruppenspezifischen Bilanzdaten...

Persistent link: https://www.econbiz.de/10011386830

The Impact of the Global Financial Crisis on Rural and Microfinance in Asia

Llanto, Gilberto M.; Badiola, Jocelyn Alma R. - 2009

Using data from a quick survey of various rural (RFIs) and microfinance institutions (MFIs) in East Asia, the paper tries to find out how those institutions and their clientele have been affected by the global financial crisis, how they have coped with the ongoing crisis, and what they plan to...

Persistent link: https://www.econbiz.de/10011421156

Credit Rationing Effects of Credit Value-at-Risk

Slijkerman, Jan Frederik; Smant, David J.C.; de Vries, … - 2004

Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...

Persistent link: https://www.econbiz.de/10010325499

Capital Market Failure, Adverse Selection and Equity Financing of Higher Education

Jacobs, Bas; van Wijnbergen, Sweder J.G. - 2005

We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...

Persistent link: https://www.econbiz.de/10010325581

Structural Volatility in Mexico: A Policy Report

Caballero, Ricardo J. - 2000

This paper surveys Mexico`s economic weaknesses and provides related policy recommendations. Current problems include weak international financial links and external conditions, a recurrent credit crunch and financial underdevelopment problem, with particularly fragile banks, a weak fiscal...

Persistent link: https://www.econbiz.de/10010327130

Income distribution, credit and fiscal policies in an agent-based Keynesian model

Dosi, Giovanni; Fagiolo, Giorgio; Napoletano, Mauro; … - 2012

This work studies the interactions between income distribution and monetary and fiscal policies in terms of ensuing dynamics of macro variables (GDP growth, unemployment, etc.) on the grounds of an agent-based Keynesian model. The direct ancestor of this work is the 'Keynes meeting Schumpeter'...

Persistent link: https://www.econbiz.de/10010328607

Das Wirtschaftswunderjahr 2009

Zimmermann, Klaus F. - 2009

Trotz des größten Wirtschaftseinbruchs in der deutschen Nachkriegsgeschichte hat die internationale Krise die Bürger kaum erreicht. Das wird sich mittelfristig bedrohlich ändern, wenn es nicht gelingt, rechtzeitig eine aufziehende Kreditklemme und eine bedrohlich wachsende Staatsverschuldung...

Persistent link: https://www.econbiz.de/10010331456

Credit crunches and credit allocation in a model of entrepreneurship

Bassetto, Marco; Cagetti, Marco; De Nardi, Mariacristina - 2013

We study the effects of credit shocks in a model with heterogeneous entrepreneurs, financing constraints, and a realistic firm size distribution. As entrepreneurial firms can grow only slowly and rely heavily on retained earnings to expand the size of their business in this set-up, we show that,...

Persistent link: https://www.econbiz.de/10010352175

Kreditfinanzierung, Kreditrationierung und Kreditsicherheiten bei beschränkter und unbeschränkter Opportunitätsmenge des Kreditnehmers

Nippel, Peter - 1999

In verschiedenen Modellwelten wird untersucht, ob und inwieweit Kreditrationierung und Risikovermeidung oder -übernahme … Kreditfinanzierung gemeinhin modelliert wird, Kreditrationierung kein robustes Ergebnis darstellt und die Risikoübernahme durch …, erweist sich eine strenge Kreditrationierung, bei der planbare Ausfallrisiken vermieden werden, als einzig rationale Strategie …

Persistent link: https://www.econbiz.de/10011558755

Personal Bankruptcy Law, Wealth and Entrepreneurship: Theory and Evidence from the Introduction of a "Fresh Start"

Fossen, Frank M. - 2011

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...

Persistent link: https://www.econbiz.de/10011601000