A Simple Model of Credit Expansion

Alexander Smirnov

Papers from arXiv.org

Abstract: The proposed model is aimed to reveal important patterns in the behavior of a simplified financial system. The patterns could be detected as regular cycles consisting of debt bubbles and crises. Financial cycles have a well defined structure and form periodic sequences along the axis of credit expansion while retaining stochastic nature in terms of time.

Date: 2016-07
New Economics Papers: this item is included in nep-hme and nep-mac
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