The Volatility Costs of Procyclical Lending Standards : An Assessment Using a Dsge Model /
The ongoing financial turmoil has triggered a lively debate on ways of containing systemic risk and lessening the likelihood of boom-and-bust episodes in credit markets. Particularly, it has been argued that banking regulation might attenuate procyclicality in lending standards by affecting the beha...
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Materialtyp: | Tidskrift |
Språk: | English |
Publicerad: |
Washington, D.C. :
International Monetary Fund,
2009.
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Serie: | IMF Working Papers; Working Paper ;
No. 2009/035 |
Länkar: | Full text available on IMF |