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Banks' Precautionary Capital and Credit Crunches /
Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be explained by a declined demand by financially impaired borrowers (the conventional financial accelerator) or by lower supply by capital-constrained banks, a "credit crunch"....
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Valencia, Fabian. | |
| 245 | 1 | 0 | |a Banks' Precautionary Capital and Credit Crunches / |c Valencia, Fabian. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2008. | ||
| 300 | |a 1 online resource (35 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 520 | |a Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be explained by a declined demand by financially impaired borrowers (the conventional financial accelerator) or by lower supply by capital-constrained banks, a "credit crunch". This paper develops a bank model to study credit crunches and their real effects. In this model, banks maintain a precautionary level of capital that serves as a smoothing mechanism to avert disruptions in the supply of credit when hit by small shocks. However, for larger shocks, highly persistent credit crunches may arise even when the impulse is a one time, non-serially correlated event. From a policy perspective, the model justifies the use of public funds to recapitalize banks following a significant deterioration in their capital position. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Financial crises |z United States |x Econometric models. | |
| 650 | 0 | |a Bank capital |z United States |x Econometric models. | |
| 650 | 0 | |a Bank failures |z United States |x Econometric models. | |
| 650 | 0 | |a Credit |z United States |x Econometric models. | |
| 650 | 0 | |a Risk |z United States |x Econometric models. | |
| 650 | 6 | |a Banques |x Capital |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Banques |x Faillites |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Crédit |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Risque |z États-Unis |x Modèles économétriques. | |
| 650 | 7 | |a Bank capital |x Econometric models |2 fast | |
| 650 | 7 | |a Bank failures |x Econometric models |2 fast | |
| 650 | 7 | |a Credit |x Econometric models |2 fast | |
| 650 | 7 | |a Financial crises |x Econometric models |2 fast | |
| 650 | 7 | |a Risk |x Econometric models |2 fast | |
| 651 | 7 | |a United States |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq | |
| 700 | 1 | |a Valencia, Fabian. | |
| 710 | 2 | |a International Monetary Fund. | |
| 730 | 0 | |a IMF eLibrary. | |
| 758 | |i has work: |a Banks' precautionary capital and credit crunches (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGYYprxMdQfGrKJgCqyfMP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
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