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...
| Tác giả chính: | |
|---|---|
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| Loạt: | IMF Working Papers; Working Paper ;
No. 2013/241 |
| Truy cập trực tuyến: | Full text available on IMF |