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...
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| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2015/065 |
| Teme: | |
| Online dostop: | Full text available on IMF |