| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2912 |
| DP2912 Can Vocational Education Improve the Wages of Minorities and Disadvantaged Groups? The Case of Israel | |
| Shoshana Neuman; Adrian Ziderman | |
| 发表日期 | 2001-08-06 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We demonstrate how endogenous information acquisition in credit markets creates lending cycles when competing banks undertake their screening decisions in an uncoordinated way, thereby highlighting the role of intertemporal screening externalities induced by lending market competition as a structural source of instability. We show that uncoordinated screening behaviour of competing banks may be not only the source of an important financial multiplier, but also an independent source of fluctuations inducing business cycles. The screening cycle mechanism is robust to generalizations along many dimensions such as the lending market structure, the lending rate determination and the imperfections in the screening technology. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Screening Lending cycles Banking competition Financial stability |
| URL | https://cepr.org/publications/dp2912 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531955 |
| 推荐引用方式 GB/T 7714 | Shoshana Neuman,Adrian Ziderman. DP2912 Can Vocational Education Improve the Wages of Minorities and Disadvantaged Groups? The Case of Israel. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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