概要

日時:2015年1月8日(木) 16:30-18:00
場所:3号館1階130室(経営学系会議室)
講演者:國枝卓真氏(香港城市大学)
タイトル:Collateral Constraints and Legal Protection of Lenders: A Macroeconomic Perspective

【abstract】
We identify countries that establish collateral-based lending systems with a small-open-economy version of Nobuhiro Kiyotaki and
John Moore’s (1997) model. We find that 47 countries in 1980s and 48 countries in 1990s out of 98 countries establish collateral-based
lending systems. We also investigate the origin of collateral-based lending systems and find that if a country offers good legal protection
for lenders, then a collateral-based lending system is more likely to be embedded in that country.