Bank Capital Adjustment Process and Aggregate Lending
نویسندگان
چکیده
منابع مشابه
Bank Capital and Aggregate Credit
This paper seeks to explain the role of bank capital in uctuations of lending and output. We build a continuous time model of an economy in which commercial banks nance their loans by deposits and equity, while facing issuance costs when they raise new equity. The dynamics of the loan rate and the volume of lending in the economy are driven by aggregate bank capitalization. The model has a uniq...
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We thank staffs of the Board of Governors of the Federal Reserve and of the Federal Reserve Bank of New York, participants at the Federal Reserve System applied microeconomics conference, the Federal Deposit Insurance Corporation Annual Bank Research Conference and seminar participants at Villanova University for valuable comments. The views presented in this paper are solely those of the autho...
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The U.S. experienced a sharp decline in commercial bank lending from 1990 to 1992. This particular event has caught the attention of many scholars because it is often blamed as one of the factors that led to a failure of a speedy recovery from the ongoing recession. This issue remains controversial because debate exists on whether the credit decline was due to a reduction in supply or to a redu...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2469146