Author: Stephen D. Williamson
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 318
Book Description
Four Essays on Financial Intermediation
Author: Stephen D. Williamson
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 318
Book Description
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 318
Book Description
Four Essays on Financial Intermediation
Author: Stephen Donald Williamson
Publisher: Ann Arbor, Mich. : University Microfilms International
ISBN:
Category : Financial institutions
Languages : en
Pages : 346
Book Description
Publisher: Ann Arbor, Mich. : University Microfilms International
ISBN:
Category : Financial institutions
Languages : en
Pages : 346
Book Description
Essays in Financial Intermediation
Author: Ping He
Publisher:
ISBN:
Category :
Languages : en
Pages : 148
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 148
Book Description
Essays in Financial Intermediation
Author: Steven Drucker
Publisher:
ISBN:
Category :
Languages : en
Pages : 304
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 304
Book Description
Essays on Financial Intermediation and Development
Author: Gabriel De Abreu Madeira
Publisher:
ISBN: 9780549016267
Category : Intermediation (Finance)
Languages : en
Pages : 270
Book Description
This thesis applies contract theory to topics of financial intermediation. Chapter 1 studies the effects of imperfect legal enforcement on optimal project financing contracts. It departs from an environment that combines asymmetric information about cash flows and limited commitment by borrowers. Incentive for repayment comes from the possibility of liquidation of projects by a court, but courts are costly and may fail to liquidate. These ingredients make it possible to evaluate how interest rates and amounts of credit respond jointly to variations in the reliability of courts. Examples reveal that costly use of courts may be optimal, but both asymmetric information and uncertainty about courts are necessary conditions for legal punishments ever to be applied. Numerical solutions for several parameterizations show wealthier individuals borrowing with lower interest rates and running higher scale enterprises, which is consistent with stylized facts. High reliability of courts has a consistently positive effect on investment. However its effect on interest rates is subtler and depends essentially on the degree of curvature of the production function.
Publisher:
ISBN: 9780549016267
Category : Intermediation (Finance)
Languages : en
Pages : 270
Book Description
This thesis applies contract theory to topics of financial intermediation. Chapter 1 studies the effects of imperfect legal enforcement on optimal project financing contracts. It departs from an environment that combines asymmetric information about cash flows and limited commitment by borrowers. Incentive for repayment comes from the possibility of liquidation of projects by a court, but courts are costly and may fail to liquidate. These ingredients make it possible to evaluate how interest rates and amounts of credit respond jointly to variations in the reliability of courts. Examples reveal that costly use of courts may be optimal, but both asymmetric information and uncertainty about courts are necessary conditions for legal punishments ever to be applied. Numerical solutions for several parameterizations show wealthier individuals borrowing with lower interest rates and running higher scale enterprises, which is consistent with stylized facts. High reliability of courts has a consistently positive effect on investment. However its effect on interest rates is subtler and depends essentially on the degree of curvature of the production function.
The Theory of Financial Intermediation
Author: Bert Scholtens
Publisher:
ISBN: 9783902109156
Category : Finance
Languages : en
Pages : 59
Book Description
Publisher:
ISBN: 9783902109156
Category : Finance
Languages : en
Pages : 59
Book Description
Three Essays on Financial Intermediation
Author: Didier Cossin
Publisher:
ISBN:
Category : Intermediation (Finance)
Languages : en
Pages : 412
Book Description
Publisher:
ISBN:
Category : Intermediation (Finance)
Languages : en
Pages : 412
Book Description
Essays on Financial Intermediation
Author: Gabriel Asaftei
Publisher:
ISBN: 9780496145478
Category : Banks and banking
Languages : en
Pages :
Book Description
Publisher:
ISBN: 9780496145478
Category : Banks and banking
Languages : en
Pages :
Book Description
Essays in Incomplete Markets and Financial Intermediation
Author: Enrique Lucio Kawamura Ishiy
Publisher:
ISBN:
Category :
Languages : en
Pages : 302
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 302
Book Description
Essays on Financial Intermediation, Geography, and Regulation
Author: Seyit Gokmen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This note is part of Quality testing.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This note is part of Quality testing.