Excessive lending, leverage, and risk-taking in the presence of bailout expectations /

The financial crisis that began in 2007 has brought to the fore the issues of excesses in lending, leverage, and risk-taking as some of the fundamental causes of this crisis. At the same time, in dealing with the financial crisis there have been large scale interventions by governments, often referr...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Georgiou, Andréas (Autor)
Autor Corporativo: International Monetary Fund. Statistics Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/233.
Temas:
2008-2009
Financial crises > Econometric models.
Economic policy > Mathematical models.
Financial risk.
Capital market.
Global Financial Crisis, 2008-2009.
Politique économique > Modèles mathématiques.
Risque financier.
Marché financier.
Crise financière mondiale, 2008-2009.
Capital market
Economic policy > Mathematical models
Financial crises > Econometric models
Financial risk
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Analytical Framework; A. The Basic Model; B. Different Sources of Finance; C. Choice of Project Riskiness; D. Change in the Cost of Loanable Funds; E. Changes in the Probability Distribution Function of the Debt-Financed Project; III. Some Thoughts on Policy Implications; IV. Conclusion; Appendix; References; Footnotes.

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