Credit Rationing in a Basic Agent-Based Model

Guido Fioretti
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Guido Fioretti: University of Bologna

Finance from EconWPA

Abstract: A simple agent-based model of business units lending money to one another is sufficient to understand on what conditions avalanches of bankruptcies may arise. The model highlights the consequences of specialisation into money lending as well as the impact of preferential lending relations.

Keywords: Financial Fragility; Avalanches of Bankruptcies; Agent-Based Models (search for similar items in EconPapers)
JEL-codes: G (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-cfn and nep-ent
Date: 2005-05-03
Note: Type of Document - pdf; pages: 15
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpfi:0505002

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