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...
| Autor Principal: | |
|---|---|
| Otros Autores: | |
| 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 |