A mechanism for Thawing the credit markets

This paper describes a mechanism designed to induce commercial banks to increase their willingness to extend loans in an economic environment characterized by increased uncertainty and diminished expectations. This mechanism is a new tool for the conduct of monetary policy to combat recessions.

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Year of publication:	2009
Authors:	Karni, Edi
Publisher:	Baltimore, MD : The Johns Hopkins University, Department of Economics
Subject:	Mechanism Design \| Asymmetrische Information \| Kreditmarkt \| Vertragstheorie \| Mechanism design \| credit markets \| incentive scheme

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Series:	Working Paper ; 551
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	60017882X [GVK] hdl:10419/49904 [Handle]
Classification:	G01 - Financial Crises ; G10 - General Financial Markets. General ; D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory
Source:	EconStor

Persistent link: https://www.econbiz.de/10010277544