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Credit, Investments and the Macroeconomy: A Few Open Issues

by Marco Mazzoli

2020-12-29 10:01:02

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This book relates the literatures of finance, industrial economics and investment to the theoretical framework of the "credit view." First, banks'' decisions concerning their assets are seen as at least as relevant as their decisions concerning their... Read more
This book relates the literatures of finance, industrial economics and investment to the theoretical framework of the "credit view." First, banks'' decisions concerning their assets are seen as at least as relevant as their decisions concerning their liabilities. Second, securities and bank credit are highly imperfect substitutes. The interactions between real and financial sectors are analyzed from the point of view of the industrial firm, in a model where the investment and financial decisions of the firm are taken simultaneously. Less

Book Details

File size9.02 X 5.98 X 0.67 in
Print pages232
PublisherCambridge University Press
Publication date January 22, 1998
LanguageEnglish
ISBN9780521584111
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Marco Mazzoli
Author
...

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