Credit market and monetary policy: A possible source of fluctuations and financial crisis

The credit market has played an important role in the recent financial crisis and recession of the U. S. economy. Looking for an explanation about it we built and used a macroeconomic model with a credit market to describe a GDP cycle and a rise and decline of the collateralized asset price related...

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Detalles Bibliográficos
Autores Principales: Arango M., Posada C.E., Tamayo J.A.
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Elsevier Doyma 2011
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/23942
id ir-10336-23942
recordtype dspace
spelling ir-10336-239422022-05-02T12:37:22Z Credit market and monetary policy: A possible source of fluctuations and financial crisis El sistema crediticio, la política monetaria y un posible origen de ciclos y crisis financieras Arango M. Posada C.E. Tamayo J.A. Bubbles Business cycles Collateral constraint Credit constraints Monetary policy The credit market has played an important role in the recent financial crisis and recession of the U. S. economy. Looking for an explanation about it we built and used a macroeconomic model with a credit market to describe a GDP cycle and a rise and decline of the collateralized asset price related to banking and monetary policies. This paper presents the model and several simulations from it to assess the roles of each one. 2011 2020-05-26T00:06:55Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 1204483 https://repository.urosario.edu.co/handle/10336/23942 eng info:eu-repo/semantics/openAccess application/pdf Elsevier Doyma instname:Universidad del Rosario
institution EdocUR - Universidad del Rosario
collection DSpace
language Inglés (English)
topic Bubbles
Business cycles
Collateral constraint
Credit constraints
Monetary policy
spellingShingle Bubbles
Business cycles
Collateral constraint
Credit constraints
Monetary policy
Arango M.
Posada C.E.
Tamayo J.A.
Credit market and monetary policy: A possible source of fluctuations and financial crisis
description The credit market has played an important role in the recent financial crisis and recession of the U. S. economy. Looking for an explanation about it we built and used a macroeconomic model with a credit market to describe a GDP cycle and a rise and decline of the collateralized asset price related to banking and monetary policies. This paper presents the model and several simulations from it to assess the roles of each one.
format Artículo (Article)
author Arango M.
Posada C.E.
Tamayo J.A.
author_facet Arango M.
Posada C.E.
Tamayo J.A.
author_sort Arango M.
title Credit market and monetary policy: A possible source of fluctuations and financial crisis
title_short Credit market and monetary policy: A possible source of fluctuations and financial crisis
title_full Credit market and monetary policy: A possible source of fluctuations and financial crisis
title_fullStr Credit market and monetary policy: A possible source of fluctuations and financial crisis
title_full_unstemmed Credit market and monetary policy: A possible source of fluctuations and financial crisis
title_sort credit market and monetary policy: a possible source of fluctuations and financial crisis
publisher Elsevier Doyma
publishDate 2011
url https://repository.urosario.edu.co/handle/10336/23942
_version_ 1740172319233409024
score 12,131701