摘要 | 第1-5页 |
Abstract | 第5-8页 |
Chapter 1 Introduction | 第8-11页 |
Chapter 2 A Simple Discrete Model of Credit Constraint | 第11-18页 |
·Background of the Idea | 第11页 |
·The Reformed Basic Model | 第11-16页 |
·Land-holding, Price, and Debt in Market Equilibrium | 第13-15页 |
·Dynamic Analysis for Economy Shock | 第15-16页 |
·Investor Heterogeneity in KM Model | 第16-17页 |
·What Happened with Investor Heterogeneity | 第17-18页 |
Chapter 3 Imperfect Credit Markets and the Transmission of Macroeconomic Shocks | 第18-27页 |
·Researches in Macroeconomic Activity over Credit Cycles | 第18-20页 |
·Monetary Policy | 第18-19页 |
·Wealth Distribution | 第19页 |
·Market Friction and Incomplete Information | 第19-20页 |
·The Transmission of Macroeconomic Shocks in Incomplete Credit Markets | 第20-23页 |
·Study Objects and Assumptions in the Extended Model | 第20-21页 |
·Cash-in-advance Constraint | 第21-22页 |
·Hold-up Problem to the Gatherer | 第22-23页 |
·Aggregate Variables Interaction in Equilibrium | 第23-24页 |
·Productivity Shocks | 第23-24页 |
·Dividend Shocks | 第24页 |
·Nominal Interest Shocks | 第24页 |
·Optimal Monetary Policy Setup | 第24-25页 |
·Comparing with the Relative Literatures | 第25-27页 |
Chapter 4 Moral Hazard in Credit Market | 第27-35页 |
·Moral Hazard and Rational Credit Setting | 第27-28页 |
·KM Model in the Sight of Agency Behavior | 第28页 |
·Agency, Credit and Moral Hazard | 第28-33页 |
·Asymmetric Information and Heterogeneous Agents | 第28-29页 |
·Incentive Constraints | 第29-30页 |
·Debt Capacities and Asset Value in Equilibrium | 第30-32页 |
·Two Steady States in the Equilibrium Economy | 第32-33页 |
·Comparing with Lender Incentive and Individual Environment | 第33-35页 |
Chapter 5 Advanced Researches | 第35-41页 |
·The Fractional Cases Concerned in Our Paper | 第35页 |
·Credit Cycle in Open Economy | 第35-36页 |
·Financial Intermediaries Incorporated | 第36-37页 |
·Why Financial Intermediaries Exist | 第36-37页 |
·Functions of Financial Intermediaries | 第37页 |
·Agency Behavior | 第37-41页 |
·Deposit Insurance | 第38页 |
·Taking More Risk | 第38-40页 |
·Over-confidence and Under-confidence | 第40-41页 |
Chapter 6 Conclusion of the Paper | 第41-43页 |
References | 第43-45页 |
致谢 | 第45页 |