Credit Matters.

This paper develops a framework for analyzing macro-financial linkages in the United States. We estimate the effects of a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and corporate loans, and the corresponding components of p...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Bayoumi, Tamim
Otros Autores: Melander, Ola
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Credit > United States > Econometric models.
Bank assets > United States > Econometric models.
Crédit > États-Unis > Modèles économétriques.
Banques > Actif > États-Unis > Modèles économétriques.
Credit > Econometric models
Economic history
United States > Economic conditions > Econometric models.
United States
Acceso en línea:Texto completo
Descripción
Sumario:This paper develops a framework for analyzing macro-financial linkages in the United States. We estimate the effects of a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and corporate loans, and the corresponding components of private spending (consumption, residential investment and business investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage poin.
Descripción Física:1 online resource (29 pages)
ISBN:9781451914801
1451914806

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