The Good, the Bad, and the Ugly: An inquiry into the causes and nature of credit cycles

DOI10.3982/TE1131zbMath1395.91324MaRDI QIDQ4586087

Kiminori Matsuyama

Publication date: 11 September 2018

Published in: Theoretical Economics (Search for Journal in Brave)

zbMATH Keywords

nonlinear dynamicsintermittencyfinancial instabilityborrowing constraintsasymmetric fluctuationsnet worthcredit multipliercredit reversaldemand spilloversendogenous credit cyclesheterogeneous projects

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (12)

Revisiting the model of credit cycles with good and bad projects ⋮ Superstable credit cycles and U-sequence ⋮ Financial market globalization, nonconvergence and credit cycles ⋮ Robust chaos in a credit cycle model defined by a one-dimensional piecewise smooth map ⋮ Herding through booms and busts ⋮ Nonsmooth one-dimensional maps: some basic concepts and definitions ⋮ Chaotic dynamics of a piecewise linear model of credit cycles ⋮ Financial liberalization: poverty trap or chaos ⋮ Technology choice, externalities in production, and a chaotic middle-income trap ⋮ Cycles of credit expansion and misallocation: the good, the bad and the ugly ⋮ Financial destabilization ⋮ Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!

Cites Work

• Unnamed Item
• Superstable credit cycles and U-sequence
• Fair pricing of deposit insurance. Is it possible? Yes. Is it desirable? No
• Dualism and Macroeconomic Volatility

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