| dc.contributor | Dr. Alexander Dentler | |
| dc.creator | Gallo Valenzuela, Diego Fernando | |
| dc.date | 2019-01-24T19:11:39Z | |
| dc.date | 2019-01-24T19:11:39Z | |
| dc.date | 2018 | |
| dc.date.accessioned | 2023-07-21T16:34:32Z | |
| dc.date.available | 2023-07-21T16:34:32Z | |
| dc.identifier | 162304.pdf | |
| dc.identifier | http://hdl.handle.net/11651/2694 | |
| dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/7730695 | |
| dc.description | The purpose of the thesis is to show the implications of a specific financial friction, the lending-deposit spread rate, on the distribution of liquid wealth and on welfare. The lending-deposit spread rate is just the difference between the lending rate and the deposit rate. Liquid wealth is defined as the total set of tangible and intangible assets that are accepted as a mean of payment (e.g. cash, checks, credit cards, properties, reputation). The base model used to achieve that is a search-theoretic monetary one, in which individuals exchange money for consumption goods in a decentralized market structure. Bargaining takes place during bilateral meetings where agents sell or buy consumption goods between each other in return for a monetary transfer. The assumptions of the model allow to study lending-borrowing patterns over the quantity of money held by the individuals. A high lending rate forces agents to consume less while low level of the interest rate will generate more consumption. In this economy, there exist individuals that borrow or lend money. Borrowers are considered debtors only if their money holdings are below a certain monetary threshold. They will borrow from lenders paying the correspondent lending interest rate in order to acquire a unit of consumption. | |
| dc.format | application/PDF | |
| dc.format | application/pdf | |
| dc.language | eng | |
| dc.publisher | El Autor | |
| dc.relation | http://data-bank.worldbank.org/data/reports.aspx?source=world-development-indicators | |
| dc.rights | Con fundamento en los artículos 21 y 27 de la Ley Federal del Derecho de Autor y como titular de los derechos moral y patrimonial, otorgo de manera gratuita y permanente al Centro de Investigación y Docencia Económicas, A.C. y a su Biblioteca autorización para que fije la obra en cualquier medio, incluido el electrónico, y la divulguen entre sus usuarios, profesores, estudiantes o terceras personas, sin que pueda percibir por tal divulgación una contraprestación. | |
| dc.rights | Creative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 Internacional CC BY-NC-ND | |
| dc.subject | Distribution (Economic theory) -- Effect of financial crises on -- Econometric models. | |
| dc.subject | Consumption -- Effect of financial crises on -- Econometric models. | |
| dc.subject | Wealth -- Effect of financial crises on -- Econometric models. | |
| dc.title | Financial frictions and wealth distribution: a theoretic approach | |
| dc.type | Tesis de licenciatura | |
