Screening Cycles

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dc.contributor Svenska handelshögskolan, Institutionen för nationalekonomi, nationalekonomi sv
dc.contributor Swedish School of Economics and Business Administration, Department of Economics, Economics en
dc.contributor.author Gehrig, Thomas
dc.contributor.author Stenbacka, Rune
dc.date.accessioned 2011-03-02T13:56:13Z
dc.date.available 2011-03-02T13:56:13Z
dc.date.issued 2001
dc.identifier.isbn 951-555-698-8
dc.identifier.issn 0357-4598
dc.identifier.uri http://hdl.handle.net/10227/158
dc.identifier.uri URN:ISBN:951-555-698-8
dc.description.abstract We demonstrate how endogenous information acquisition in credit markets creates lending cycles when competing banks undertake their screening decisions in an uncoordinated way, thereby highlighting the role of intertemporal screening externalities induced by lending market competition as a structural source of instability. We show that uncoordinated screening behavior of competing banks may be not only the source of an important financial multiplier, but also an independent source of fluctuations inducing business cycles. The screening cycle mechanism is robust to generalizations along many dimensions such as the lending market structure, the lending rate determination and the imperfections in the screening technology. fi
dc.format.extent 1837 bytes
dc.format.extent 150290 bytes
dc.format.mimetype application/pdf
dc.format.mimetype text/plain
dc.language.iso en
dc.publisher Svenska handelshögskolan sv
dc.publisher Swedish School of Economics and Business Administration en
dc.relation.ispartofseries Working Papers
dc.relation.ispartofseries 461
dc.rights Publikationen är skyddad av upphovsrätten. Den får läsas och skrivas ut för personligt bruk. Användning i kommersiellt syfte är förbjuden. sv
dc.rights This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited. en
dc.rights Julkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty. fi
dc.subject banking competition fi
dc.subject financial stability fi
dc.subject lending cycles fi
dc.subject screening fi
dc.subject.other Economics fi
dc.title Screening Cycles fi
dc.type.dcmitype Text

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