Net worth ratio and financial instability

In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constr...
Ausführliche Beschreibung

Gespeichert in:

Autor*in:	Watanabe, Toshio [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2013

Schlagwörter:	Geldpolitische Transmission / Kreditgeschäft / Investition / Wirkungsanalyse / Neoklassisches Wachstumsmodell / Postkeynesianismus / Theorie

Umfang:	graph. Darst.

Übergeordnetes Werk:	In: Journal of economic structures - Heidelberg : SpringerOpen, 2012, 2(2013), Seite 1-18
Übergeordnetes Werk:	volume:2 ; year:2013 ; pages:1-18

Links:	Volltext Volltext

DOI / URN:	10.1186/2193-2409-2-3

Katalog-ID:	76613945X

Internformat


LEADER	01000caa a2200265 4500
001	76613945X
003	DE-627
005	20230710094035.0
007	cr uuu---uuuuu
008	130822s2013 xx \|\|\|\|\|o 00\| \|\|eng c
024	7		\|a 10.1186/2193-2409-2-3 \|2 doi
024	7		\|a 10419/147186 \|2 hdl
035			\|a (DE-627)76613945X
035			\|a (DE-599)GBV76613945X
035			\|a (DE-He213)2193-2409-2-3-e
040			\|a DE-627 \|b ger \|c DE-627 \|e rakwb
041			\|a eng
084			\|a E12 \|a E44 \|a E52 \|2 jelc
100	1		\|a Watanabe, Toshio \|e verfasserin \|4 aut
245	1	0	\|a Net worth ratio and financial instability \|c Toshio Watanabe
264		1	\|c 2013
300			\|b graph. Darst.
336			\|a Text \|b txt \|2 rdacontent
337			\|a Computermedien \|b c \|2 rdamedia
338			\|a Online-Ressource \|b cr \|2 rdacarrier
520			\|a In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run.
650		7	\|8 1.1\x \|a Geldpolitische Transmission \|0 (DE-627)091395364 \|0 (DE-2867)19259-6 \|2 stw
650		7	\|8 1.2\x \|a Kreditgeschäft \|0 (DE-627)091372755 \|0 (DE-2867)13776-2 \|2 stw
650		7	\|8 1.3\x \|a Investition \|0 (DE-627)091368944 \|0 (DE-2867)10008-6 \|2 stw
650		7	\|8 1.4\x \|a Wirkungsanalyse \|0 (DE-627)09140116X \|0 (DE-2867)10991-6 \|2 stw
650		7	\|8 1.5\x \|a Neoklassisches Wachstumsmodell \|0 (DE-627)091392195 \|0 (DE-2867)10427-0 \|2 stw
650		7	\|8 1.6\x \|a Postkeynesianismus \|0 (DE-627)091383838 \|0 (DE-2867)10054-6 \|2 stw
650		7	\|8 1.7\x \|a Theorie \|0 (DE-627)091394902 \|0 (DE-2867)19073-6 \|2 stw
773	0	8	\|i In \|t Journal of economic structures \|d Heidelberg : SpringerOpen, 2012 \|g 2(2013), Seite 1-18 \|h Online-Ressource \|w (DE-627)722938071 \|w (DE-600)2679924-8 \|w (DE-576)370707753 \|x 2193-2409 \|7 nnns
773	1	8	\|g volume:2 \|g year:2013 \|g pages:1-18
856	4	0	\|u http://hdl.handle.net/10419/147186 \|x Resolving-System \|3 Volltext
856	4	0	\|u http://dx.doi.org/10.1186/2193-2409-2-3 \|x Resolving-System \|3 Volltext
912			\|a GBV_USEFLAG_U
912			\|a GBV_ILN_26
912			\|a ISIL_DE-206
912			\|a SYSFLAG_1
912			\|a GBV_KXP
912			\|a GBV_ILN_11
912			\|a GBV_ILN_20
912			\|a GBV_ILN_22
912			\|a GBV_ILN_23
912			\|a GBV_ILN_24
912			\|a GBV_ILN_39
912			\|a GBV_ILN_40
912			\|a GBV_ILN_60
912			\|a GBV_ILN_62
912			\|a GBV_ILN_63
912			\|a GBV_ILN_65
912			\|a GBV_ILN_69
912			\|a GBV_ILN_70
912			\|a GBV_ILN_73
912			\|a GBV_ILN_95
912			\|a GBV_ILN_105
912			\|a GBV_ILN_110
912			\|a GBV_ILN_151
912			\|a GBV_ILN_161
912			\|a GBV_ILN_206
912			\|a GBV_ILN_213
912			\|a GBV_ILN_230
912			\|a GBV_ILN_285
912			\|a GBV_ILN_293
912			\|a GBV_ILN_370
912			\|a GBV_ILN_602
912			\|a GBV_ILN_2009
912			\|a GBV_ILN_2014
912			\|a GBV_ILN_2111
912			\|a GBV_ILN_2129
912			\|a GBV_ILN_4012
912			\|a GBV_ILN_4037
912			\|a GBV_ILN_4046
912			\|a GBV_ILN_4112
912			\|a GBV_ILN_4125
912			\|a GBV_ILN_4126
912			\|a GBV_ILN_4249
912			\|a GBV_ILN_4305
912			\|a GBV_ILN_4306
912			\|a GBV_ILN_4307
912			\|a GBV_ILN_4313
912			\|a GBV_ILN_4322
912			\|a GBV_ILN_4323
912			\|a GBV_ILN_4324
912			\|a GBV_ILN_4325
912			\|a GBV_ILN_4326
912			\|a GBV_ILN_4335
912			\|a GBV_ILN_4338
912			\|a GBV_ILN_4367
912			\|a GBV_ILN_4700
935			\|i zbwolc20131003
951			\|a AR
952			\|d 2 \|j 2013 \|h 1-18
980			\|2 26 \|1 01 \|x 0206 \|b 1429427949 \|y z1k \|z 22-08-13
982			\|2 26 \|1 00 \|x DE-206 \|8 56 \|a bank behavior
982			\|2 26 \|1 00 \|x DE-206 \|8 56 \|a investment
982			\|2 26 \|1 00 \|x DE-206 \|8 56 \|a unstable economy
982			\|2 26 \|1 00 \|x DE-206 \|8 56 \|a monetary policy

Indexfelder

author_variant	t w tw
matchkey_str	article:21932409:2013----::ewrhaiadiacai
hierarchy_sort_str	2013
publishDate	2013
allfields	10.1186/2193-2409-2-3 doi 10419/147186 hdl (DE-627)76613945X (DE-599)GBV76613945X (DE-He213)2193-2409-2-3-e DE-627 ger DE-627 rakwb eng E12 E44 E52 jelc Watanabe, Toshio verfasserin aut Net worth ratio and financial instability Toshio Watanabe 2013 graph. Darst. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run. 1.1\x Geldpolitische Transmission (DE-627)091395364 (DE-2867)19259-6 stw 1.2\x Kreditgeschäft (DE-627)091372755 (DE-2867)13776-2 stw 1.3\x Investition (DE-627)091368944 (DE-2867)10008-6 stw 1.4\x Wirkungsanalyse (DE-627)09140116X (DE-2867)10991-6 stw 1.5\x Neoklassisches Wachstumsmodell (DE-627)091392195 (DE-2867)10427-0 stw 1.6\x Postkeynesianismus (DE-627)091383838 (DE-2867)10054-6 stw 1.7\x Theorie (DE-627)091394902 (DE-2867)19073-6 stw In Journal of economic structures Heidelberg : SpringerOpen, 2012 2(2013), Seite 1-18 Online-Ressource (DE-627)722938071 (DE-600)2679924-8 (DE-576)370707753 2193-2409 nnns volume:2 year:2013 pages:1-18 http://hdl.handle.net/10419/147186 Resolving-System Volltext http://dx.doi.org/10.1186/2193-2409-2-3 Resolving-System Volltext GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20131003 AR 2 2013 1-18 26 01 0206 1429427949 z1k 22-08-13 26 00 DE-206 56 bank behavior 26 00 DE-206 56 investment 26 00 DE-206 56 unstable economy 26 00 DE-206 56 monetary policy
spelling	10.1186/2193-2409-2-3 doi 10419/147186 hdl (DE-627)76613945X (DE-599)GBV76613945X (DE-He213)2193-2409-2-3-e DE-627 ger DE-627 rakwb eng E12 E44 E52 jelc Watanabe, Toshio verfasserin aut Net worth ratio and financial instability Toshio Watanabe 2013 graph. Darst. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run. 1.1\x Geldpolitische Transmission (DE-627)091395364 (DE-2867)19259-6 stw 1.2\x Kreditgeschäft (DE-627)091372755 (DE-2867)13776-2 stw 1.3\x Investition (DE-627)091368944 (DE-2867)10008-6 stw 1.4\x Wirkungsanalyse (DE-627)09140116X (DE-2867)10991-6 stw 1.5\x Neoklassisches Wachstumsmodell (DE-627)091392195 (DE-2867)10427-0 stw 1.6\x Postkeynesianismus (DE-627)091383838 (DE-2867)10054-6 stw 1.7\x Theorie (DE-627)091394902 (DE-2867)19073-6 stw In Journal of economic structures Heidelberg : SpringerOpen, 2012 2(2013), Seite 1-18 Online-Ressource (DE-627)722938071 (DE-600)2679924-8 (DE-576)370707753 2193-2409 nnns volume:2 year:2013 pages:1-18 http://hdl.handle.net/10419/147186 Resolving-System Volltext http://dx.doi.org/10.1186/2193-2409-2-3 Resolving-System Volltext GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20131003 AR 2 2013 1-18 26 01 0206 1429427949 z1k 22-08-13 26 00 DE-206 56 bank behavior 26 00 DE-206 56 investment 26 00 DE-206 56 unstable economy 26 00 DE-206 56 monetary policy
allfields_unstemmed	10.1186/2193-2409-2-3 doi 10419/147186 hdl (DE-627)76613945X (DE-599)GBV76613945X (DE-He213)2193-2409-2-3-e DE-627 ger DE-627 rakwb eng E12 E44 E52 jelc Watanabe, Toshio verfasserin aut Net worth ratio and financial instability Toshio Watanabe 2013 graph. Darst. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run. 1.1\x Geldpolitische Transmission (DE-627)091395364 (DE-2867)19259-6 stw 1.2\x Kreditgeschäft (DE-627)091372755 (DE-2867)13776-2 stw 1.3\x Investition (DE-627)091368944 (DE-2867)10008-6 stw 1.4\x Wirkungsanalyse (DE-627)09140116X (DE-2867)10991-6 stw 1.5\x Neoklassisches Wachstumsmodell (DE-627)091392195 (DE-2867)10427-0 stw 1.6\x Postkeynesianismus (DE-627)091383838 (DE-2867)10054-6 stw 1.7\x Theorie (DE-627)091394902 (DE-2867)19073-6 stw In Journal of economic structures Heidelberg : SpringerOpen, 2012 2(2013), Seite 1-18 Online-Ressource (DE-627)722938071 (DE-600)2679924-8 (DE-576)370707753 2193-2409 nnns volume:2 year:2013 pages:1-18 http://hdl.handle.net/10419/147186 Resolving-System Volltext http://dx.doi.org/10.1186/2193-2409-2-3 Resolving-System Volltext GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20131003 AR 2 2013 1-18 26 01 0206 1429427949 z1k 22-08-13 26 00 DE-206 56 bank behavior 26 00 DE-206 56 investment 26 00 DE-206 56 unstable economy 26 00 DE-206 56 monetary policy
allfieldsGer	10.1186/2193-2409-2-3 doi 10419/147186 hdl (DE-627)76613945X (DE-599)GBV76613945X (DE-He213)2193-2409-2-3-e DE-627 ger DE-627 rakwb eng E12 E44 E52 jelc Watanabe, Toshio verfasserin aut Net worth ratio and financial instability Toshio Watanabe 2013 graph. Darst. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run. 1.1\x Geldpolitische Transmission (DE-627)091395364 (DE-2867)19259-6 stw 1.2\x Kreditgeschäft (DE-627)091372755 (DE-2867)13776-2 stw 1.3\x Investition (DE-627)091368944 (DE-2867)10008-6 stw 1.4\x Wirkungsanalyse (DE-627)09140116X (DE-2867)10991-6 stw 1.5\x Neoklassisches Wachstumsmodell (DE-627)091392195 (DE-2867)10427-0 stw 1.6\x Postkeynesianismus (DE-627)091383838 (DE-2867)10054-6 stw 1.7\x Theorie (DE-627)091394902 (DE-2867)19073-6 stw In Journal of economic structures Heidelberg : SpringerOpen, 2012 2(2013), Seite 1-18 Online-Ressource (DE-627)722938071 (DE-600)2679924-8 (DE-576)370707753 2193-2409 nnns volume:2 year:2013 pages:1-18 http://hdl.handle.net/10419/147186 Resolving-System Volltext http://dx.doi.org/10.1186/2193-2409-2-3 Resolving-System Volltext GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20131003 AR 2 2013 1-18 26 01 0206 1429427949 z1k 22-08-13 26 00 DE-206 56 bank behavior 26 00 DE-206 56 investment 26 00 DE-206 56 unstable economy 26 00 DE-206 56 monetary policy
allfieldsSound	10.1186/2193-2409-2-3 doi 10419/147186 hdl (DE-627)76613945X (DE-599)GBV76613945X (DE-He213)2193-2409-2-3-e DE-627 ger DE-627 rakwb eng E12 E44 E52 jelc Watanabe, Toshio verfasserin aut Net worth ratio and financial instability Toshio Watanabe 2013 graph. Darst. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run. 1.1\x Geldpolitische Transmission (DE-627)091395364 (DE-2867)19259-6 stw 1.2\x Kreditgeschäft (DE-627)091372755 (DE-2867)13776-2 stw 1.3\x Investition (DE-627)091368944 (DE-2867)10008-6 stw 1.4\x Wirkungsanalyse (DE-627)09140116X (DE-2867)10991-6 stw 1.5\x Neoklassisches Wachstumsmodell (DE-627)091392195 (DE-2867)10427-0 stw 1.6\x Postkeynesianismus (DE-627)091383838 (DE-2867)10054-6 stw 1.7\x Theorie (DE-627)091394902 (DE-2867)19073-6 stw In Journal of economic structures Heidelberg : SpringerOpen, 2012 2(2013), Seite 1-18 Online-Ressource (DE-627)722938071 (DE-600)2679924-8 (DE-576)370707753 2193-2409 nnns volume:2 year:2013 pages:1-18 http://hdl.handle.net/10419/147186 Resolving-System Volltext http://dx.doi.org/10.1186/2193-2409-2-3 Resolving-System Volltext GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20131003 AR 2 2013 1-18 26 01 0206 1429427949 z1k 22-08-13 26 00 DE-206 56 bank behavior 26 00 DE-206 56 investment 26 00 DE-206 56 unstable economy 26 00 DE-206 56 monetary policy
language	English
source	In Journal of economic structures 2(2013), Seite 1-18 volume:2 year:2013 pages:1-18
sourceStr	In Journal of economic structures 2(2013), Seite 1-18 volume:2 year:2013 pages:1-18
format_phy_str_mv	Article
building	26:1
institution	findex.gbv.de
selectbib_iln_str_mv	26@1k
topic_facet	Geldpolitische Transmission Kreditgeschäft Investition Wirkungsanalyse Neoklassisches Wachstumsmodell Postkeynesianismus Theorie
sw_local_iln_str_mv	26:bank behavior DE-206:bank behavior 26:investment DE-206:investment 26:unstable economy DE-206:unstable economy 26:monetary policy DE-206:monetary policy
isfreeaccess_bool	false
container_title	Journal of economic structures
authorswithroles_txt_mv	Watanabe, Toshio @@aut@@
publishDateDaySort_date	2013-01-01T00:00:00Z
hierarchy_top_id	722938071
id	76613945X
language_de	englisch
fullrecord	<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a2200265 4500</leader><controlfield tag="001">76613945X</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230710094035.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">130822s2013 xx \|\|\|\|\|o 00\| \|\|eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1186/2193-2409-2-3</subfield><subfield code="2">doi</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10419/147186</subfield><subfield code="2">hdl</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)76613945X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBV76613945X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-He213)2193-2409-2-3-e</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E12</subfield><subfield code="a">E44</subfield><subfield code="a">E52</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Watanabe, Toshio</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Net worth ratio and financial instability</subfield><subfield code="c">Toshio Watanabe</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2013</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.1\x</subfield><subfield code="a">Geldpolitische Transmission</subfield><subfield code="0">(DE-627)091395364</subfield><subfield code="0">(DE-2867)19259-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.2\x</subfield><subfield code="a">Kreditgeschäft</subfield><subfield code="0">(DE-627)091372755</subfield><subfield code="0">(DE-2867)13776-2</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.3\x</subfield><subfield code="a">Investition</subfield><subfield code="0">(DE-627)091368944</subfield><subfield code="0">(DE-2867)10008-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.4\x</subfield><subfield code="a">Wirkungsanalyse</subfield><subfield code="0">(DE-627)09140116X</subfield><subfield code="0">(DE-2867)10991-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.5\x</subfield><subfield code="a">Neoklassisches Wachstumsmodell</subfield><subfield code="0">(DE-627)091392195</subfield><subfield code="0">(DE-2867)10427-0</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.6\x</subfield><subfield code="a">Postkeynesianismus</subfield><subfield code="0">(DE-627)091383838</subfield><subfield code="0">(DE-2867)10054-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.7\x</subfield><subfield code="a">Theorie</subfield><subfield code="0">(DE-627)091394902</subfield><subfield code="0">(DE-2867)19073-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">In</subfield><subfield code="t">Journal of economic structures</subfield><subfield code="d">Heidelberg : SpringerOpen, 2012</subfield><subfield code="g">2(2013), Seite 1-18</subfield><subfield code="h">Online-Ressource</subfield><subfield code="w">(DE-627)722938071</subfield><subfield code="w">(DE-600)2679924-8</subfield><subfield code="w">(DE-576)370707753</subfield><subfield code="x">2193-2409</subfield><subfield code="7">nnns</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:2</subfield><subfield code="g">year:2013</subfield><subfield code="g">pages:1-18</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://hdl.handle.net/10419/147186</subfield><subfield code="x">Resolving-System</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://dx.doi.org/10.1186/2193-2409-2-3</subfield><subfield code="x">Resolving-System</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_U</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_26</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ISIL_DE-206</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_1</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_KXP</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_11</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_20</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_22</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_23</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_24</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_39</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_40</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_60</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_62</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_63</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_65</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_69</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_70</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_73</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_95</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_105</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_110</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_151</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_161</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_206</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_213</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_230</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_285</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_293</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_370</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_602</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2009</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2014</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2111</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2129</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4012</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4037</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4046</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4112</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4125</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4126</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4249</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4305</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4306</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4307</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4313</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4322</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4323</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4324</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4325</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4326</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4335</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4338</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4367</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4700</subfield></datafield><datafield tag="935" ind1=" " ind2=" "><subfield code="i">zbwolc20131003</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">2</subfield><subfield code="j">2013</subfield><subfield code="h">1-18</subfield></datafield><datafield tag="980" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">01</subfield><subfield code="x">0206</subfield><subfield code="b">1429427949</subfield><subfield code="y">z1k</subfield><subfield code="z">22-08-13</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="8">56</subfield><subfield code="a">bank behavior</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="8">56</subfield><subfield code="a">investment</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="8">56</subfield><subfield code="a">unstable economy</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="8">56</subfield><subfield code="a">monetary policy</subfield></datafield></record></collection>
author	Watanabe, Toshio
spellingShingle	Watanabe, Toshio jelc E12 stw Geldpolitische Transmission stw Kreditgeschäft stw Investition stw Wirkungsanalyse stw Neoklassisches Wachstumsmodell stw Postkeynesianismus stw Theorie 26 bank behavior 26 investment 26 unstable economy 26 monetary policy Net worth ratio and financial instability
authorStr	Watanabe, Toshio
ppnlink_with_tag_str_mv	@@773@@(DE-627)722938071
format	electronic Article
delete_txt_mv	keep
author_role	aut
collection	KXP GVK SWB
remote_str	true
last_changed_iln_str_mv	26@22-08-13
illustrated	Not Illustrated
issn	2193-2409
topic_title	E12 E44 E52 jelc 26 00 DE-206 56 bank behavior 26 00 DE-206 56 investment 26 00 DE-206 56 unstable economy 26 00 DE-206 56 monetary policy Net worth ratio and financial instability Toshio Watanabe 1.1\x Geldpolitische Transmission (DE-627)091395364 (DE-2867)19259-6 stw 1.2\x Kreditgeschäft (DE-627)091372755 (DE-2867)13776-2 stw 1.3\x Investition (DE-627)091368944 (DE-2867)10008-6 stw 1.4\x Wirkungsanalyse (DE-627)09140116X (DE-2867)10991-6 stw 1.5\x Neoklassisches Wachstumsmodell (DE-627)091392195 (DE-2867)10427-0 stw 1.6\x Postkeynesianismus (DE-627)091383838 (DE-2867)10054-6 stw 1.7\x Theorie (DE-627)091394902 (DE-2867)19073-6 stw
topic	jelc E12 stw Geldpolitische Transmission stw Kreditgeschäft stw Investition stw Wirkungsanalyse stw Neoklassisches Wachstumsmodell stw Postkeynesianismus stw Theorie 26 bank behavior 26 investment 26 unstable economy 26 monetary policy
topic_unstemmed	jelc E12 stw Geldpolitische Transmission stw Kreditgeschäft stw Investition stw Wirkungsanalyse stw Neoklassisches Wachstumsmodell stw Postkeynesianismus stw Theorie 26 bank behavior 26 investment 26 unstable economy 26 monetary policy
topic_browse	jelc E12 stw Geldpolitische Transmission stw Kreditgeschäft stw Investition stw Wirkungsanalyse stw Neoklassisches Wachstumsmodell stw Postkeynesianismus stw Theorie 26 bank behavior 26 investment 26 unstable economy 26 monetary policy
format_facet	Elektronische Aufsätze Aufsätze Elektronische Ressource
format_main_str_mv	Text Zeitschrift/Artikel
carriertype_str_mv	cr
hierarchy_parent_title	Journal of economic structures
hierarchy_parent_id	722938071
hierarchy_top_title	Journal of economic structures
isfreeaccess_txt	false
familylinks_str_mv	(DE-627)722938071 (DE-600)2679924-8 (DE-576)370707753
title	Net worth ratio and financial instability
ctrlnum	(DE-627)76613945X (DE-599)GBV76613945X (DE-He213)2193-2409-2-3-e
title_full	Net worth ratio and financial instability Toshio Watanabe
author_sort	Watanabe, Toshio
journal	Journal of economic structures
journalStr	Journal of economic structures
lang_code	eng
isOA_bool	false
recordtype	marc
publishDateSort	2013
contenttype_str_mv	txt
container_start_page	1
author_browse	Watanabe, Toshio
selectkey	26:z
container_volume	2
physical	graph. Darst.
class	E12 E44 E52 jelc
format_se	Elektronische Aufsätze
author-letter	Watanabe, Toshio
doi_str_mv	10.1186/2193-2409-2-3
normlink	091395364 (DE-2867)19259-6 091372755 (DE-2867)13776-2 091368944 (DE-2867)10008-6 09140116X (DE-2867)10991-6 091392195 (DE-2867)10427-0 091383838 (DE-2867)10054-6 091394902 (DE-2867)19073-6
normlink_prefix_str_mv	(DE-627)091395364 (DE-2867)19259-6 (DE-627)091372755 (DE-2867)13776-2 (DE-627)091368944 (DE-2867)10008-6 (DE-627)09140116X (DE-2867)10991-6 (DE-627)091392195 (DE-2867)10427-0 (DE-627)091383838 (DE-2867)10054-6 (DE-627)091394902 (DE-2867)19073-6
title_sort	net worth ratio and financial instability
title_auth	Net worth ratio and financial instability
abstract	In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run.
abstractGer	In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run.
abstract_unstemmed	In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run.
collection_details	GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700
title_short	Net worth ratio and financial instability
url	http://hdl.handle.net/10419/147186 http://dx.doi.org/10.1186/2193-2409-2-3
ausleihindikator_str_mv	26
remote_bool	true
ppnlink	722938071
mediatype_str_mv	c
isOA_txt	false
hochschulschrift_bool	false
doi_str	10.1186/2193-2409-2-3
up_date	2024-07-04T07:40:31.854Z
_version_	1803633381199577088
fullrecord_marcxml	<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a2200265 4500</leader><controlfield tag="001">76613945X</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230710094035.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">130822s2013 xx \|\|\|\|\|o 00\| \|\|eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1186/2193-2409-2-3</subfield><subfield code="2">doi</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10419/147186</subfield><subfield code="2">hdl</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)76613945X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBV76613945X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-He213)2193-2409-2-3-e</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E12</subfield><subfield code="a">E44</subfield><subfield code="a">E52</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Watanabe, Toshio</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Net worth ratio and financial instability</subfield><subfield code="c">Toshio Watanabe</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2013</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian economics. We incorporate a dynamic equation of a firms net worth ratio and investigate financial factors, which give rise to economic instability. Our results demonstrate that a steady state can be a saddle point when the dividend rate is low and the banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle, the change in the basic discount rate is likely to shift the economy from an unstable path to a convergence path. Financial policy has a stabilizing effect in the long-run as well as a positive effect in the short-run.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.1\x</subfield><subfield code="a">Geldpolitische Transmission</subfield><subfield code="0">(DE-627)091395364</subfield><subfield code="0">(DE-2867)19259-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.2\x</subfield><subfield code="a">Kreditgeschäft</subfield><subfield code="0">(DE-627)091372755</subfield><subfield code="0">(DE-2867)13776-2</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.3\x</subfield><subfield code="a">Investition</subfield><subfield code="0">(DE-627)091368944</subfield><subfield code="0">(DE-2867)10008-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.4\x</subfield><subfield code="a">Wirkungsanalyse</subfield><subfield code="0">(DE-627)09140116X</subfield><subfield code="0">(DE-2867)10991-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.5\x</subfield><subfield code="a">Neoklassisches Wachstumsmodell</subfield><subfield code="0">(DE-627)091392195</subfield><subfield code="0">(DE-2867)10427-0</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.6\x</subfield><subfield code="a">Postkeynesianismus</subfield><subfield code="0">(DE-627)091383838</subfield><subfield code="0">(DE-2867)10054-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="8">1.7\x</subfield><subfield code="a">Theorie</subfield><subfield code="0">(DE-627)091394902</subfield><subfield code="0">(DE-2867)19073-6</subfield><subfield code="2">stw</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">In</subfield><subfield code="t">Journal of economic structures</subfield><subfield code="d">Heidelberg : SpringerOpen, 2012</subfield><subfield code="g">2(2013), Seite 1-18</subfield><subfield code="h">Online-Ressource</subfield><subfield code="w">(DE-627)722938071</subfield><subfield code="w">(DE-600)2679924-8</subfield><subfield code="w">(DE-576)370707753</subfield><subfield code="x">2193-2409</subfield><subfield code="7">nnns</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:2</subfield><subfield code="g">year:2013</subfield><subfield code="g">pages:1-18</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://hdl.handle.net/10419/147186</subfield><subfield code="x">Resolving-System</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://dx.doi.org/10.1186/2193-2409-2-3</subfield><subfield code="x">Resolving-System</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_U</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_26</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ISIL_DE-206</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_1</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_KXP</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_11</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_20</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_22</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_23</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_24</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_39</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_40</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_60</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_62</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_63</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_65</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_69</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_70</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_73</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_95</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_105</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_110</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_151</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_161</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_206</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_213</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_230</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_285</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_293</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_370</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_602</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2009</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2014</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2111</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2129</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4012</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4037</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4046</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4112</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4125</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4126</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4249</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4305</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4306</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4307</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4313</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4322</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4323</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4324</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4325</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4326</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4335</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4338</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4367</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4700</subfield></datafield><datafield tag="935" ind1=" " ind2=" "><subfield code="i">zbwolc20131003</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">2</subfield><subfield code="j">2013</subfield><subfield code="h">1-18</subfield></datafield><datafield tag="980" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">01</subfield><subfield code="x">0206</subfield><subfield code="b">1429427949</subfield><subfield code="y">z1k</subfield><subfield code="z">22-08-13</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="8">56</subfield><subfield code="a">bank behavior</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="8">56</subfield><subfield code="a">investment</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="8">56</subfield><subfield code="a">unstable economy</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="8">56</subfield><subfield code="a">monetary policy</subfield></datafield></record></collection>
score	7.397331

Nicht das Richtige dabei?

Schreiben Sie uns!

Net worth ratio and financial instability

Nicht das Richtige dabei?

Zugang & Verfügbarkeit

Vorhandene Bände

Nicht das Richtige dabei?