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...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2013.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2013/241 |
| גישה מקוונת: | Full text available on IMF |