Risky Bank Lending and Optimal Capital Adequacy Regulation

Risky Bank Lending and Optimal Capital Adequacy Regulation
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... READ MORE...

Publication date: June 2011
ISBN 9781455259359
$18.00

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