Proper credit
نویسندگان
چکیده
منابع مشابه
Credit Search and Credit Cycles
The supply and demand of credit are not always well aligned and matched, as is reflected in the countercyclical excess reserve-to-deposit ratio and interest spread between the lending rate and the deposit rate. We develop a search-based theory of credit allocation to explain the cyclical fluctuations in bank reserves, the interest spread, as well as credit rationing. We show that search frictio...
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We study a simple, solvable model that allows us to investigate effects of credit contagion on the default probability of individual firms, in both portfolios of firms and on an economy wide scale. While the effect of interactions may be small in typical (most probable) scenarios they are magnified, due to feedback, by situations of economic stress, which in turn leads to fatter tails in loss d...
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We develop a simple model of credit market imperfections, in which the agents have access to a variety of investment projects, which differ in productivity, in the investment size, and in the severity of the agency problems behind the borrowing constraints. A movement in borrower net worth can shift the composition of the credit between projects with different productivity levels. The model thu...
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Esik and Maletti introduced the notion of a proper semiring and proved that some important (classes of) semirings – Noetherian semirings, natural numbers – are proper. Properness matters as the equivalence problem for weighted automata over a semiring which is proper and finitely and effectively presented is decidable. Milius generalised the notion of properness from a semiring to a functor. As...
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We show that if a locally compact group G acts properly on a locally compact σ-compact space X, then there is a family of G-invariant proper continuous finite-valued pseudometrics which induces the topology of X. If X is, furthermore, metrizable, then G acts properly on X if and only if there exists a G-invariant proper compatible metric on X.
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ژورنال
عنوان ژورنال: Nature Biotechnology
سال: 1994
ISSN: 1087-0156,1546-1696
DOI: 10.1038/nbt0894-745b