A Behavioural Finance Approach to Credit Allocation
Despite the introduction of quantitative easing, in some European countries, the credit allocation to businesses stops to return to pre-crisis levels. There has been an academic debate on the causes of an increase in the amount and quality of credit disbursed. One of these causes is recognized in psychological elements that have arisen because of the financial crisis. Behavioural Finance introduced these topics in by contributions by Ward Edwards, Amos Tversky and Daniel Kahneman. The aim of the research is the study of the decision-making processes to credit allocation.
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