Finance and Economic Development in a Model with Credit Rationing

Simple item page
dc.contributor.authorArcand, Jean-Louis
dc.contributor.authorBerkes, Enrico
dc.contributor.authorPanizza, Ugo
dc.date.accessioned2023-11-13T15:31:16Z
dc.date.available2023-11-13T15:31:16Z
dc.date.issued2013
dc.description.abstractThis paper develops a simple model with credit rationing and endogenous default risk in which the expectation of a bailout may lead to a financial sector which is too large with respect to the the social optimum. The paper concludes with a short discussion of how this model could be used as a building block for models aimed at endogenizing the probability of a bailout, and discussing the relationship between the size of the financial sector and economic growth in the presence of default risk.en_US
dc.description.urihttps://www.worldscientific.com/doi/10.1142/9789814520294_0005en_US
dc.format.extent15 pagesen_US
dc.genrejournal articlesen_US
dc.genrepreprintsen_US
dc.genreworking papersen_US
dc.identifierdoi:10.13016/m2mzgc-ng2f
dc.identifier.citationArcand, Jean-Louis, Enrico Berkes, and Ugo Panizza. “Finance and Economic Development in a Model with Credit Rationing.” In The Social Value of the Financial Sector, Volume 29:67–80. World Scientific Studies in International Economics, Volume 29. WORLD SCIENTIFIC, 2013. https://doi.org/10.1142/9789814520294_0005.en_US
dc.identifier.urihttps://doi.org/10.1142/9789814520294_0005
dc.identifier.urihttp://hdl.handle.net/11603/30706
dc.language.isoen_USen_US
dc.publisherWorld Scientific Publishingen_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Economics Department Collection
dc.rightsPreprint of an article published in World Scientific Studies in International Economics, Volume 29, 2013, 67–80 https://doi.org/10.1142/9789814520294_0005 © 2023 World Scientific Publishing Co Pte Ltd https://www.worldscientific.com/worldscibooks/10.1142/8865en_US
dc.titleFinance and Economic Development in a Model with Credit Rationingen_US
dc.typeTexten_US
dcterms.creatorhttps://orcid.org/0000-0001-5117-9918en_US

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
Finance and economic development in a model with credit rationing.pdf
Size:
692.01 KB
Format:
Adobe Portable Document Format
Description:
Download

License bundle

Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
2.56 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

UMBC Economics Department