Credit Market Failures and Policy

Enrico Minelli and Salvatore Modica ()

Working Papers from University of Brescia, Department of Economics

Abstract: In a simplified version of the Stiglitz–Weiss (1981) model of the credit market we characterize optimal policies to correct market failures. Widely applied policies, notably interest–rate subsidies and investment subsidies, are compared to the theoretical optimum. Some comments on the trade-off between credit subsidy and infrastructural investment are added in the conclusions.

Date: 2006
New Economics Papers: this item is included in nep-cfn, nep-fin and nep-fmk
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.unibs.it/on-line/dse/Home/Inevidenza/Pa ... o/documento5252.html
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Journal Article: Credit Market Failures and Policy (2009)
Working Paper: Credit market failures and policy (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ubs:wpaper:ubs0607

Access Statistics for this paper

More papers in Working Papers from University of Brescia, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Matteo Galizzi ( this e-mail address is bad, please contact ).