A Dynamic General Equilibrium Framework of Investment with Financing Constraint
In this paper, we provide a dynamic general equilibrium framework with an explicit investment-financing constraint. The constraint is intended as a reduced form to capture the balance sheet effects, which have been widely regarded as an important determinant of financial crises. We derive a link bet...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Washington, D.C
International Monetary Fund
2002
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Schriftenreihe: | IMF Working Papers
Working Paper No. 02/41 |
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520 | 3 | |a In this paper, we provide a dynamic general equilibrium framework with an explicit investment-financing constraint. The constraint is intended as a reduced form to capture the balance sheet effects, which have been widely regarded as an important determinant of financial crises. We derive a link between the value of the firm and the social welfare and we find that the value of the firm can be greater with than without the constraint. Our model also sheds light on how the effects of productivity shocks and bubbles may be amplified by the financing constraint | |
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Datensatz im Suchindex
DE-BY-TUM_katkey | 2671304 |
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any_adam_object | |
author | Xie, Danyang |
author_facet | Xie, Danyang |
author_role | aut |
author_sort | Xie, Danyang |
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id | DE-604.BV048348345 |
illustrated | Not Illustrated |
indexdate | 2024-12-24T09:26:03Z |
institution | BVB |
isbn | 1451846118 9781451846119 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033727613 |
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physical | 1 Online-Ressource (22 p) |
psigel | ZDB-1-IMF |
publishDate | 2002 |
publishDateSearch | 2002 |
publishDateSort | 2002 |
publisher | International Monetary Fund |
record_format | marc |
series2 | IMF Working Papers |
spellingShingle | Xie, Danyang A Dynamic General Equilibrium Framework of Investment with Financing Constraint |
title | A Dynamic General Equilibrium Framework of Investment with Financing Constraint |
title_auth | A Dynamic General Equilibrium Framework of Investment with Financing Constraint |
title_exact_search | A Dynamic General Equilibrium Framework of Investment with Financing Constraint |
title_full | A Dynamic General Equilibrium Framework of Investment with Financing Constraint Xie, Danyang |
title_fullStr | A Dynamic General Equilibrium Framework of Investment with Financing Constraint Xie, Danyang |
title_full_unstemmed | A Dynamic General Equilibrium Framework of Investment with Financing Constraint Xie, Danyang |
title_short | A Dynamic General Equilibrium Framework of Investment with Financing Constraint |
title_sort | a dynamic general equilibrium framework of investment with financing constraint |
url | http://elibrary.imf.org/view/IMF001/00035-9781451846119/00035-9781451846119/00035-9781451846119.xml |
work_keys_str_mv | AT xiedanyang adynamicgeneralequilibriumframeworkofinvestmentwithfinancingconstraint AT yuenchiwa adynamicgeneralequilibriumframeworkofinvestmentwithfinancingconstraint |