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Analytics of Credit Frictions and Market Freezes

Assaf Razin

in Understanding Global Crises: An Emerging Paradigm

Published in print:
2015
Published Online:
May 2016
ISBN:
9780262028592
eISBN:
9780262327701
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262028592.003.0006
Subject:
Economics and Finance, International

The chapter reviews models that analyze frictions in loans extended by financial institutions and other lenders.1 Broadly speaking, these are models of credit frictions and market freezes. This ... More


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