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...
Auteur principal: | |
---|---|
Format: | Revue |
Langue: | English |
Publié: |
Washington, D.C. :
International Monetary Fund,
2015.
|
Collection: | IMF Working Papers; Working Paper ;
No. 2015/065 |
Sujets: | |
Accès en ligne: | Full text available on IMF |