Risky Bank Lending and Optimal Capital Adequacy Regulation:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Benes, Jaromir (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2011
Schriftenreihe:IMF Working Papers Working Paper No. 11/130
Links:http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
http://elibrary.imf.org/view/IMF001/11869-9781455259359/11869-9781455259359/11869-9781455259359.xml
Abstract:We study the welfare properties of a New Keynesian monetary economy with an essential role for risky bank lending. Banks lend funds deposited by households to a financial accelerator sector, and face penalties for maintaining insufficient net worth. The loan contract specifies an unconditional lending rate, which implies that banks can make loan losses. Their main response is to raise lending rates to rebuild net worth. Prudential rules that adjust minimum capital adequacy requirements in response to loan losses significantly increase welfare. But the gains from eliminating limited liability and moral hazard would be an order of magnitude larger
Umfang:1 Online-Ressource (27 p)
ISBN:1455259357
9781455259359