Series estimadas de población y producción para el período anterior a la revolución industrial ; Índice de hojas - Índice de series - Cuadros - Notas

A model of lending is presented where loans are established in matches between banks (lenders) and entrepreneurs (borrowers) who meet in a search process. Projects turn out randomly a quick payoff or a long‐term payoff that requires a rollover of the loan. The model generates, under proper...