The good, the bad, and the ugly: an inquiry into the causes and nature of credit cycles

DOI10.3982/TE1131MaRDI QIDQ4586087zbMATH OpenFDO

Authors Kiminori Matsuyama

Publication date 11 September 2018

Published in Theoretical Economics (Search for Journal in Brave)

zbMATH Keywords

nonlinear dynamicsfinancial instabilityintermittencyborrowing constraintsasymmetric fluctuationsnet worthcredit multipliercredit reversaldemand spilloversendogenous credit cyclesheterogeneous projects

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 42093 (Why is no real title available?)
• Dualism and Macroeconomic Volatility
• Fair pricing of deposit insurance. Is it possible? Yes. Is it desirable? No
• Superstable credit cycles and U-sequence

Cited in

(18)

• Superstable credit cycles and U-sequence
• A dynamic theory of bank lending, firm entry, and investment fluctuations
• Nonsmooth one-dimensional maps: some basic concepts and definitions
• Cycles of credit expansion and misallocation: the good, the bad and the ugly
• Revisiting the model of credit cycles with good and bad projects
• Robust chaos in a credit cycle model defined by a one-dimensional piecewise smooth map
• Asset holdings, information aggregation in secondary markets and credit cycles
• Financial market globalization, nonconvergence and credit cycles
• Financial destabilization
• Chaotic dynamics of a piecewise linear model of credit cycles
• Riding the wave of credit: are longer expansions really a bad omen?
• Herding through booms and busts
• Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!
• Financial liberalization: poverty trap or chaos
• Technology choice, externalities in production, and a chaotic middle-income trap
• Haircuts, interest rates, and credit cycles
• Investment, credit, and endogenous cycles
• 1D piecewise smooth map: exploring a model of investment dynamics under financial frictions with three types of investment projects

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