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...
| Autor principal: | |
|---|---|
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2015/065 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |