Extrait
Table of Contents
1. Introduction
2. A Theoretical Framework
2.1 Asset Prices, Credit and Financial Crises
2.2 Asset Prices and Income Inequality
2.3 Income Inequality and Credit Growth
3. Asset Prices and their Relation to Credit Growth and Financial Risk
3.1 Collateral
3.2 Wealth Effect
3.3 Bank Capital
3.4 Excessive Credit
3.5 Interest Rates
4. Income Inequality and Equity Prices
4.1 Wage Determination
4.2 Capital Income and Capital Gains
5. Inequality as a Cause of Financial Distress? An Assessment of Recent Literature.
6. An Econometric Model: Determinants of Income Inequality
6.1 Data Description and Pretesting
6.2 Estimator Choice and Results
6.3 Robustness Tests
6.4 Implications for the Relationship between Income Inequality and Banking Crises
7. Conclusion
References
Appendix
- Citation du texte
- Matthias Runkel (Auteur), 2013, Equity Prices. The Missing Link between Income Inequality and Financial Crises?, Munich, GRIN Verlag, https://www.grin.com/document/285240
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