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

DOI10.3982/TE1131zbMATH Open1395.91324MaRDI QIDQ4586087FDOQ4586087

Authors: Kiminori Matsuyama 

Publication date: 11 September 2018

Published in: Theoretical Economics (Search for Journal in Brave)

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zbMATH Keywords

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

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Title not available (Why is that?)
• Superstable credit cycles and U-sequence
• Dualism and Macroeconomic Volatility
• Fair pricing of deposit insurance. Is it possible? Yes. Is it desirable? No

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
• Robust chaos in a credit cycle model defined by a one-dimensional piecewise smooth map
• Revisiting the model of credit cycles with good and bad projects
• 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
• 1D piecewise smooth map: exploring a model of investment dynamics under financial frictions with three types of investment projects
• Investment, credit, and endogenous cycles

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