A detrimental feedback loop: deleveraging and adverse selection
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Cited by:
- Swarbrick, Jonathan, 2023.
"Lending standards, productivity, and credit crunches,"
Macroeconomic Dynamics, Cambridge University Press, vol. 27(2), pages 456-481, March.
- Jonathan Swarbrick, 2019. "Lending Standards, Productivity and Credit Crunches," Staff Working Papers 19-25, Bank of Canada.
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More about this item
Keywords
Leverage; endogenous borrowing constraints; financial crisis; liquidity; asymmetric information; central bank policy;All these keywords.
JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- G01 - Financial Economics - - General - - - Financial Crises
- G20 - Financial Economics - - Financial Institutions and Services - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2013-11-02 (Banking)
- NEP-CBA-2013-11-02 (Central Banking)
- NEP-CTA-2013-11-02 (Contract Theory and Applications)
- NEP-MAC-2013-11-02 (Macroeconomics)
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