Increasing Wealth and Increasing Instability: The Role of Collateral

This file is part of IDEAS, which uses RePEc data

Increasing Wealth and Increasing Instability: The Role of Collateral

Author Info

Leung, C.K.Y.
Tse, C.Y.

Additional information is available for the following registered author(s):

Abstract

History repeats the same story about financial crises every few years. High growth in domestic credit almost always guarantee the outbreak of a crisis. In normal times, growth in credit is generally associated with faster long run growth, however, as financial intermediation improves the efficiency of channeling capital to productive investment. We present an endogenous growth model to reconcile the two seemingly contradictory stylized facts.

Download Info
To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Publisher Info
Paper provided by Stanford - Hoover Institution in its series Papers with number e-01-3.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 40 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:fth:stanho:e-01-3

Contact details of provider:
Postal: STANFORD UNIVERSITY, HOOVER INSTITUTION, DOMESTIC STUDIES PROGRAM,DEPARTMENT OF ECONOMICS, STANFORD CALIFORNIA 94305 U.S.A.
Phone: 650-723-1754
Fax: 650-723-1687
Email:
Web page: http://www.hoover.org/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).

Other versions of this item:

Article
- Tse, Chung Yi & Leung, Charles Ka Yui, 2002. "Increasing Wealth and Increasing Instability: The Role of Collateral," Review of International Economics, Blackwell Publishing, vol. 10(1), pages 45-52, February. [Downloadable!] (restricted)

Find related papers by JEL classification:
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Nan-Kuang Chen & Hsiao-Lei Chu, 2003. "Collateral Value and Forbearance Lending," CEP Discussion Papers dp0603, Centre for Economic Performance, LSE. [Downloadable!]
Richard J. Buttimer Jr. & Anthony Yanxiang Gu & Tyler T. Yang, 2004. "The Chinese Housing Provident Fund," International Real Estate Review, Asian Real Estate Society, vol. 7(1), pages 1-30. [Downloadable!]
Nan-Kuang Chen & Charles Leung, 2008. "Asset Price Spillover, Collateral and Crises: with an Application to Property Market Policy," The Journal of Real Estate Finance and Economics, Springer, vol. 37(4), pages 351-385, November. [Downloadable!] (restricted)

Statistics

Access and download statistics

Did you know? Authors registered on the RePEc Author Service receive monthly emails with details about downloads and abstract views of their works.

This page was last updated on 2009-11-20.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.