Credit Traps and Credit Cycles

By Kiminori Matsuyama. 2007

286 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4688893c71bf4d4bd3a4d015e68bb37c13ac6c7b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

Asset Bubbles, Endogenous Growth, and Financial Frictions (2010, unknown): “3In this sense, our model is related to Matsuyama (2007, 2008), in which Matsuyama shows that a better credit market might be more prone to nancing what he calls bad investments that do not have positive spillover e¤ects on future generations.”
Does monetary policy affect bank risk (2014, background): “In this situation there is a greater incentive for banks to ease financial constraints to borrowers and increase their lending (Matsuyama 2007).”
Financial Frictions and the Great Productivity Slowdown (2017, background): “When hit by a financial shock, firms may adjust various types of investment differently depending on expected returns, risks and gestation periods (Holstrom and Tirole, 1997; Matsuyama, 2007; Garcia-Macia, 2016).”
Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market (2008, unknown): “…fluctuations and changes in bank credit (Bernanke and Lown, 1991, Kiyotaki and Moore, 1997, Peek and Rosengren, 2000, Calomiris and Mason, 2003, and Matsuyama, 2007) and the link between financial development and economic volatility more generally (Raddatz, 2003, Kroszner et al., 2007, and…”
Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments (2017, unknown): “of credit, as in macroeconomic models with more than one lending opportunity (Matsuyama 2007).”
Can Micro-Credit Bring Development? (2008, background): “If P U 0 /P L 0 is high enough so that SS lies above this line, then SS has higher income than ŜS; and vice versa.(20) Now imagine two economies at SS and the introduction of micro-credit in one.”
Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans (2010, background): “Our contribution to the literature lies in meeting these three identification challenges.”
Bank Risk During the Financial Crisis: Do Business Models Matter? (2011, background): “In this situation, there is a greater incentive for banks to ease financial constraints and increase lending, thereby taking on more risks (Matsuyama, 2007).”
Trusting the Bankers: A New Look at the Credit Channel of Monetary Policy (2015, unknown): “Business cycle fluctuations influence bank loan supply by altering the severity of these frictions, via changes in the net worth and external finance premia of non-financial (Bernanke and Gertler, 1989; Kiyotaki and Moore, 1997; Bernanke, Gertler, Gilchrist, 1999; Matsuyama, 2007) and financial borr”