Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/212985
Authors: 
Silvo, Aino
Year of Publication: 
2018
Series/Report no.: 
Scientific monographs No. E:52
Publisher: 
Bank of Finland, Helsinki
Abstract: 
This thesis consists of an introductory chapter and three self-contained essays that apply insights from the microeconomic theory of corporate finance in a macroeconomic setting in order to explain and understand various market failures that were at the roots of the global financial crisis of 2007–2009. In particular, I study various forms of incomplete information in the credit market, and their implications on financial stability and on business cycles in the aggregate economy. I also seek to understand how monetary and macroprudential policies can be used to maintain financial stability, and how these two policies interact.
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-228-0
Document Type: 
Book

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