Aggregate Uncertainty and the Supply of Credit /
Recent studies show that uncertainty shocks have quantitatively important effects on the real economy. This paper examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk-neutral shareholders and subject to limited liability, can exh...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 2013/241 |
| الوصول للمادة أونلاين: | Full text available on IMF |