| dc.contributor | 金融系 | |
| dc.creator (作者) | Chen, Been-Lon;Chiang, Yeong-Yuh;Wang, Ping | |
| dc.creator (作者) | 江永裕 | zh_TW |
| dc.date (日期) | 2008-05 | |
| dc.date.accessioned | 1-Oct-2015 18:36:31 (UTC+8) | - |
| dc.date.available | 1-Oct-2015 18:36:31 (UTC+8) | - |
| dc.date.issued (上傳時間) | 1-Oct-2015 18:36:31 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/78836 | - |
| dc.description.abstract (摘要) | This paper develops a dynamic general-equilibrium model with production to examine the inter-relationships between the real and the financial sectors with and without credit market imperfections. Due to the moral hazard problem, borrowers may take the money and run while lenders may ration credit, resulting in a widened financial spread and low effective bank loans, compared to the unconstrained equilibrium. Credit rationing causes both the loan and the deposit rates to rise. In either unconstrained or constrained equilibrium, the long-run effects of a productivity improvement on real and financial activities depends crucially on where it is originated. | |
| dc.format.extent | 713347 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Annals of Economics and Finance, 9(1), 153-177 | |
| dc.subject (關鍵詞) | Macroeconomics;Money | |
| dc.title (題名) | Credit Market Imperfections and Long-Run Macroeconomic Consequences | |
| dc.type (資料類型) | article | en |
