Results 271 to 280 of about 58,747 (297)
Some of the next articles are maybe not open access.
Credit Constraints, Competition, and Meritocracy
Journal of the European Economic Association, 2005This paper studies a simple model of the talent-ownership mismatch—or failure of meritocracy—brought about by credit market imperfections that prevent the transfer of control over productive assets from the untalented rich to the talented poor. We present two main insights. First, there may be multiple equilibria in the degree of meritocracy.
Francesco Caselli, GENNAIOLI, NICOLA
openaire +2 more sources
Credit Constraints and International Financial Crises
SSRN Electronic Journal, 2001Abstract A version of the Kiyotaki and Moore (J. Political Econom. 105 (1997) 211) model of credit cycles is used to examine the extent to which a crisis in a country can spread to another seemingly unrelated country. The model features two small open economies that face credit constraints and produce a differentiated commodity which they export to a
openaire +1 more source
Dynamic Credit Constraints: Theory and Evidence from Credit Lines
SSRN Electronic JournalWe use a comprehensive Swedish credit register to document that firms across the size distribution have access to substantial borrowing capacity via credit lines. However, most firms choose not to use all available credit, even though interest rates are low compared to their return on equity.
Niklas Amberg +3 more
openaire +2 more sources
Credit constraints and delayed entrepreneurship
Journal of Economic Behavior & Organization, 2023openaire +1 more source
Credit Constraints and Contract Enforcement
Topics in Economic Analysis & Policy, 2006Abstract This paper demonstrates that credit constraints can lead to the inability to enforce contracts, thereby creating inefficiency. If time elapses between the contract period and the enforcement period, a credit constrained agent that uses the proceeds of trade to fund consumption faces a greater cost to enforce a contract than an ...
openaire +1 more source
Monetary policy with heterogenous agents and credit constraints [PDF]
, 2005 This paper analyzes the long-run effect of monetary policy when credit constraints are taken into account. This analysis is carried on in a heterogeneous agents framework in which infinitely lived agents can partially self-insure against income risks by using both financial assets and real balences.
Yann Algan, Xavier Ragot
openaire +3 more sources
Financial constraints on credit ratings and cash-flow sensitivity
International Review of Financial Analysis, 2023Ming-Jen Chang
exaly
How productivity and credit constraints affect exports differently? Firm-level evidence from China
Structural Change and Economic Dynamics, 2022Guo Yan
exaly
New energy vehicle R&D strategy with supplier capital constraints under China's dual credit policy
Energy Policy, 2022Miaomiao Ma, Yuyu Li, Bo Huang
exaly