Report
Romania in a post-credit crunch world? A cautionary tale from Australia and America
| العنوان: | Romania in a post-credit crunch world? A cautionary tale from Australia and America |
|---|---|
| المؤلفون: | Costea, Carmen, Keen, Steve |
| سنة النشر: | 2008 |
| المجموعة: | Nonlinear Sciences Physics (Other) |
| مصطلحات موضوعية: | Physics - Physics and Society, Nonlinear Sciences - Chaotic Dynamics |
| الوصف: | We present data on debt accumulation in Australia and the United States, and tentative data on Romania, to pose the question of whether Romania might experience a credit crunch as a result of the US subprime financial crisis. We develop a model of a credit crunch in a pure credit economy with endogenous money creation, to show how changes in bank lending practices and borrower repayment behaviour can bring about an economic decline. Comment: 21 pages, 12 figures |
| نوع الوثيقة: | Working Paper |
| URL الوصول: | http://arxiv.org/abs/0804.2319 |
| رقم الانضمام: | edsarx.0804.2319 |
| قاعدة البيانات: | arXiv |
| الوصف غير متاح. |