Credit Rationing in a Basic Agent-Based Model

Guido Fioretti

Finance from University Library of Munich, Germany

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)
Pages: 15 pages
Date: 2005-05-03
New Economics Papers: this item is included in nep-cbe, nep-cfn and nep-ent
Note: Type of Document - pdf; pages: 15
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpfi:0505002

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