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Credit, Investments and the Macroeconomy: A Few Open Issues
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ISBN: 0521584116
Author: Mazzoli, Marco
Condition: New
This book relates the literatures of finance, industrial economics and investment to the theoretical framework of the "credit view." First, banks' decisions concerning their assets are seen as at least as relevant as their decisions concerning their liabilities. Second, securities and bank credit are highly imperfect substitutes. The interactions between real and financial sectors are analyzed from the point of view of the industrial firm, in a model where the investment and financial decisions of the firm are taken simultaneously.
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Credit, Investments and the Macroeconomy: A Few Open Issues