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Mercati creditizi, intermediazione finanziaria e fluttuazioni macroeconomiche: sviluppi recenti

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  • Emilio Colombo

Abstract

This article provides a critical evaluation of recent developments in the literature on financial market imperfections and on the role played by them in the explanation of business cycles. The emphasis is primarly on those imperfections that arise from informational failures and that are at the origin of rationing, of agency costs and of variations in asset prices. The theoretical conclusions are compared with the results obtained by the empirical analysis.

Suggested Citation

  • Emilio Colombo, 1997. "Mercati creditizi, intermediazione finanziaria e fluttuazioni macroeconomiche: sviluppi recenti," Economia politica, Società editrice il Mulino, issue 3, pages 471-508.
    • Handle: RePEc:mul:jb33yl:doi:10.1428/1856:y:1997:i:3:p:471-508
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