- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume 50 / Issue 3
- 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
- Year of publication
- 2014
- Number of purchasers
- 1
- Views
- 897