naa a22 4500 510729053 CHVBK 20180411082946.0 cr unu---uuuuu 180411e20131001xx s 000 0 eng 10.1007/s11403-012-0102-9 doi (NATIONALLICENCE)springer-10.1007/s11403-012-0102-9 Asanuma Daiki Graduate School of Management and Economics, Tohoku University, 27-1, Kawauchi, Aoba-ku, Sendai, Japan aut Lending attitude as a financial accelerator in a credit network economy [Elektronische Daten] [Daiki Asanuma] In existing literature, commercial banks are often considered mere financial intermediaries that facilitate the flow of credit in an imperfect credit market. However, as demonstrated in the history of financial instability, the behavior of financial institutions plays an important role. This paper examines how lenders' attitudes affect macroeconomic performance. In our analysis, the economy is composed of multiple borrowers (firms) and one lender (bank). Each borrower is directly connected to the lender through its credit contract. At the same time, each borrower is indirectly connected to all the other borrowers within the credit network. Using this model, we execute computer simulations to examine the economic consequences of lending attitudes. The results of the simulations demonstrate that the bank's lending attitude functions as a financial accelerator; that is, it significantly affects the dynamics of the economic system through the credit network. Consequently, the same level of exogenous shock generates completely different outcomes depending on the different lending attitudes. The results also show that there exists an optimal lending attitude that leads to high economic growth and a stable growth path. Springer-Verlag, 2012 Agent-based model nationallicence Credit network economy nationallicence Bank's lending attitudes nationallicence Financial accelerator nationallicence Optimal lending attitude nationallicence Journal of Economic Interaction and Coordination Springer Berlin Heidelberg 8/2(2013-10-01), 231-247 1860-711X 8:2<231 2013 8 11403 https://doi.org/10.1007/s11403-012-0102-9 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11403-012-0102-9 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Asanuma Daiki Graduate School of Management and Economics, Tohoku University, 27-1, Kawauchi, Aoba-ku, Sendai, Japan aut NATIONALLICENCE 773 0- Journal of Economic Interaction and Coordination Springer Berlin Heidelberg 8/2(2013-10-01), 231-247 1860-711X 8:2<231 2013 8 11403 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer