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首页> 外文期刊>Review of Political Economy >Credit Money, Collateral and the Solvency of Banks: A Post Keynesian Analysis of Credit Market Failures
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Credit Money, Collateral and the Solvency of Banks: A Post Keynesian Analysis of Credit Market Failures

机译：信用货币，抵押品和银行偿付能力：凯恩斯主义后的信用市场失灵分析

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The discussion on endogenous money has led to a rich understanding of banking. The determination of creditworthiness though remains a black box in Post Keynesian economics. After a critique of the New Keynesian banking literature this paper argues that creditworthiness to a large extent is endogenous to the monetary economy and the credit system. It is argued that a solvency multiplier exists that affects the willingness of banks to grant credit. The multiplier works via the valuation of collateral goods. It can accelerate the growth but also the contraction of credit and explains both endogenous financial crises and credit rationing.View full textDownload full textRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/09538259.2011.526294
机译：关于内生货币的讨论引起了对银行业的丰富理解。信誉度的确定在后凯恩斯主义经济学中仍然是一个黑匣子。在对新凯恩斯主义银行业文献进行批判之后，本文认为，信用度在很大程度上是货币经济和信用体系的内生性。有人认为，存在偿付能力乘数会影响银行发放信贷的意愿。乘数通过抵押品的估价来起作用。它可以加快信贷增长，但也可以加速信贷收缩，并解释内生性金融危机和信贷配给。查看全文下载全文相关的var addthis_config = {ui_cobrand：“ Taylor＆Francis Online”，services_compact：“ citeulike，netvibes，twitter，technorati， Delicious，linkedin，facebook，stumbleupon，digg，google，更多”，发布号：“ ra-4dff56cd6bb1830b”};添加到候选列表链接永久链接http://dx.doi.org/10.1080/09538259.2011.526294

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