Economic crisis and the financial system amplification effect

A well informed and cautious financial system can improves the welfare outcome of an economy by driving lenders surplus to borrow-ers. Nevertheless in a crisis situation the financial system cautious behavior can become a crisis amplifier given that the credit approval conditions are hardly meet, so...

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Autor Principal: Arango Isaza, Mauricio
Otros Autores: Posada Posada, Carlos Esteban
Formato: Tesis de maestría (Master Thesis)
Lenguaje:Español (Spanish)
Publicado: Universidad del Rosario 2012
Materias:
Acceso en línea:http://repository.urosario.edu.co/handle/10336/4141
id ir-10336-4141
recordtype dspace
spelling ir-10336-41412019-09-19T12:37:01Z Economic crisis and the financial system amplification effect Arango Isaza, Mauricio Posada Posada, Carlos Esteban Crisis financiera Sistema financiero::Modelos Econométricos Equilibrio (Economía)::Modelos Econométricos A well informed and cautious financial system can improves the welfare outcome of an economy by driving lenders surplus to borrow-ers. Nevertheless in a crisis situation the financial system cautious behavior can become a crisis amplifier given that the credit approval conditions are hardly meet, so there could be a credit crunch even in a low interest rates environment. This paper illustrates the previous by developing a general equilibrium model where the collateral credit condition defines the prudential behavior of the financial sys-tem. This and some other conditions amplify the magnitude of a negative productivity shock. A well informed and cautious financial system can improves the welfare outcome of an economy by driving lenders surplus to borrow-ers. Nevertheless in a crisis situation the financial system cautious behavior can become a crisis amplifier given that the credit approval conditions are hardly meet, so there could be a credit crunch even in a low interest rates environment. This paper illustrates the previous by developing a general equilibrium model where the collateral credit condition defines the prudential behavior of the financial sys-tem. This and some other conditions amplify the magnitude of a negative productivity shock. 2012-11-22 2013-01-30T17:59:15Z info:eu-repo/semantics/masterThesis info:eu-repo/semantics/acceptedVersion http://repository.urosario.edu.co/handle/10336/4141 spa http://creativecommons.org/licenses/by-nc-nd/2.5/co/ info:eu-repo/semantics/openAccess application/pdf Universidad del Rosario Maestría en Economía Facultad de Economía instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR
institution EdocUR - Universidad del Rosario
collection DSpace
language Español (Spanish)
topic Crisis financiera
Sistema financiero::Modelos Econométricos
Equilibrio (Economía)::Modelos Econométricos
spellingShingle Crisis financiera
Sistema financiero::Modelos Econométricos
Equilibrio (Economía)::Modelos Econométricos
Arango Isaza, Mauricio
Economic crisis and the financial system amplification effect
description A well informed and cautious financial system can improves the welfare outcome of an economy by driving lenders surplus to borrow-ers. Nevertheless in a crisis situation the financial system cautious behavior can become a crisis amplifier given that the credit approval conditions are hardly meet, so there could be a credit crunch even in a low interest rates environment. This paper illustrates the previous by developing a general equilibrium model where the collateral credit condition defines the prudential behavior of the financial sys-tem. This and some other conditions amplify the magnitude of a negative productivity shock.
author2 Posada Posada, Carlos Esteban
author_facet Posada Posada, Carlos Esteban
Arango Isaza, Mauricio
format Tesis de maestría (Master Thesis)
author Arango Isaza, Mauricio
author_sort Arango Isaza, Mauricio
title Economic crisis and the financial system amplification effect
title_short Economic crisis and the financial system amplification effect
title_full Economic crisis and the financial system amplification effect
title_fullStr Economic crisis and the financial system amplification effect
title_full_unstemmed Economic crisis and the financial system amplification effect
title_sort economic crisis and the financial system amplification effect
publisher Universidad del Rosario
publishDate 2012
url http://repository.urosario.edu.co/handle/10336/4141
_version_ 1645140828125921280
score 11,383098