THE MODEL OF GOVERNMENTAL GUARANTEES AND BANK CREDIT POLICY IN FINANCING RISKY PROJECTS
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THE MODEL OF GOVERNMENTAL GUARANTEES AND BANK CREDIT POLICY IN FINANCING RISKY PROJECTS
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Vadim Arkin 
Alexander Slastnikov
Pages
105-118
Abstract

The paper considers the model of interaction between investor, bank and government in fi nancing the risky projects. This model allows to study a mechanism of the governmental loan guarantees. We propose the optimization approach for the determination of both maximal sum of guarantees and credit policy of a bank. We analyze the optimal decisions of the government and the bank in fi nancing the risky projects and discuss some economic consequences.

Keywords
investment project, loan, risk, governmental guarantees, optimal part of loan reimbursement
Date of publication
01.07.2014
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0
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123
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