Uncertainty and Investment : The Financial Intermediary Balance Sheet Channel /
Rollover risk imposes market discipline on banks' risk-taking behavior but it can be socially costly. I present a two-sided model in which a bank simultaneously lends to a firm and borrows from the short-term funding market. When the bank is capital constrained, uncertainty in asset quality and...
| Hlavní autor: | |
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| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2015/065 |
| Témata: | |
| On-line přístup: | Full text available on IMF |