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Lecture Money, banking & finance - Lecture 10: The credit channel. This lecture re-examines the transmission mechanism in the context of the credit channel. It examines the micro-foundations of credit rationing and the channels that describe the credit mechanism.

44p runordie1 10-05-2022 11 2   Download

In this chapter, the following content will be discussed: Individuals buy health insurance in order to guarantee a certain level of consumption; pooling individuals into one insurance program can lower risk and thus premiums; justifications for government intervention in the health insurance market include adverse selection, moral hazard, commodity egalitarianism, and health care externalities.

21p thiendiadaodien_8 24-02-2019 42 3   Download