@techreport{Karni2009mechanism,
abstract = {This paper describes a mechanism designed to induce commercial banks to increase their willingness to extend loans in an economic environment characterized by increased uncertainty and diminished expectations. This mechanism is a new tool for the conduct of monetary policy to combat recessions.},
address = {Baltimore, Md.},
author = {Edi Karni},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {G01; G10; D82; D86; 330; Mechanism design; credit markets; incentive scheme; Mechanism  Design; Asymmetrische Information; Kreditmarkt; Vertragstheorie},
language = {eng},
number = {551},
publisher = {Johns Hopkins Univ., Dep. of Economics},
title = {A mechanism for Thawing the credit markets},
type = {Working papers // the Johns Hopkins University, Department of Economics},
url = {http://hdl.handle.net/10419/49904},
year = {2009}
}
