Cycles of credit expansion and misallocation: the good, the bad and the ugly

DOI10.1016/J.JET.2020.104994zbMath1432.91132OpenAlexW2913458668WikidataQ126341056 ScholiaQ126341056MaRDI QIDQ2295831

Zhiwei Xu, Feng Dong

Publication date: 17 February 2020

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2020.104994

zbMATH Keywords

financial crisiscredit cyclescredit expansionfinancial risk capacityvolume-composition tradeoff

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50) Credit risk (91G40)

Related Items (3)

Speculative bubbles and talent misallocation ⋮ On the economic growth equilibria during the Covid-19 pandemic ⋮ Deterministic debt cycles in open economies with flow collateral constraints

Cites Work

• Endogenous cycles in a Stiglitz-Weiss economy
• Lending terms and aggregate productivity
• The perils of credit booms
• Slow boom, sudden crash
• Asymmetric Cycles
• The Good, the Bad, and the Ugly: An inquiry into the causes and nature of credit cycles
• The General Theory of Employment, Interest, and Money
• Dualism and Macroeconomic Volatility
• Capital Allocation and Productivity in South Europe*

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