Risky Bank Lending and Optimal Capital Adequacy Regulation /
We study the welfare properties of a New Keynesian monetary economy with an essential role for risky bank lending. Banks lend funds deposited by households to a financial accelerator sector, and face penalties for maintaining insufficient net worth. The loan contract specifies an unconditional lendi...
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| Muut tekijät: | |
| Aineistotyyppi: | Aikakauslehti |
| Kieli: | English |
| Julkaistu: |
Washington, D.C. :
International Monetary Fund,
2011.
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| Sarja: | IMF Working Papers; Working Paper ;
No. 2011/130 |
| Linkit: | Full text available on IMF |