RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods

  • ISSN (Print) 0424-7388
  • ISSN (Online) 3034-6177

THE MODEL OF GOVERNMENTAL GUARANTEES AND BANK CREDIT POLICY IN FINANCING RISKY PROJECTS

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

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At the Ministry of Education and Science of the Russian Federation

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Scientific Electronic Library