Government Banks and Interventions in Credit Markets
نویسندگان
چکیده
منابع مشابه
Credit Markets, Limited Commitment, and Government Debt
A dynamic model with credit under limited commitment is constructed, in which limited memory can weaken the effects of punishment for default. This creates an endogenous role for government debt in credit markets. Default can occur in equilibrium, and government debt essentially plays a role as collateral and thus improves borrowers’ incentives. The optimal provision of government debt acts to ...
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A dynamic model with credit under limited commitment is constructed, in which limited memory can weaken the effects of punishment for default. This creates an endogenous role for government debt in credit markets, and the economy can be non-Ricardian. Default can occur in equilibrium, and government debt essentially plays a role as collateral and thus improves borrowers’ incentives. The provisi...
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ژورنال
عنوان ژورنال: Working paper
سال: 2022
ISSN: ['2381-6287']
DOI: https://doi.org/10.29412/res.wp.2022.20