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|a n-us---
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|a MAIN
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|a HG3881.5.I58
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1 |
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|a Valencia, Fabian.
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245 |
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|a Banks' Precautionary Capital and Credit Crunches /
|c Valencia, Fabian.
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260 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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300 |
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|a 1 online resource (35 pages)
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336 |
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|a text
|b txt
|2 rdacontent
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337 |
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|a computer
|b c
|2 rdamedia
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338 |
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|a online resource
|b cr
|2 rdacarrier
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500 |
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|a Available in PDF, ePUB, and Mobi formats on the Internet.
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520 |
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|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.
|
650 |
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0 |
|a Financial crises
|z United States
|x Econometric models.
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650 |
|
0 |
|a Bank capital
|z United States
|x Econometric models.
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650 |
|
0 |
|a Bank failures
|z United States
|x Econometric models.
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650 |
|
0 |
|a Credit
|z United States
|x Econometric models.
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650 |
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0 |
|a Risk
|z United States
|x Econometric models.
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650 |
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6 |
|a Banques
|x Capital
|z États-Unis
|x Modèles économétriques.
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650 |
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6 |
|a Banques
|x Faillites
|z États-Unis
|x Modèles économétriques.
|
650 |
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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
|0 (OCoLC)fst00826594
|
650 |
|
7 |
|a Bank failures
|x Econometric models.
|2 fast
|0 (OCoLC)fst00826659
|
650 |
|
7 |
|a Credit
|x Econometric models.
|2 fast
|0 (OCoLC)fst00882527
|
650 |
|
7 |
|a Financial crises
|x Econometric models.
|2 fast
|0 (OCoLC)fst00924608
|
650 |
|
7 |
|a Risk
|x Econometric models.
|2 fast
|0 (OCoLC)fst01098121
|
651 |
|
7 |
|a United States.
|2 fast
|0 (OCoLC)fst01204155
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655 |
|
4 |
|a Electronic books.
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730 |
0 |
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|a IMF eLibrary.
|
700 |
1 |
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|a Valencia, Fabian.
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710 |
2 |
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|a International Monetary Fund.
|0 http://id.loc.gov/authorities/names/n81052755
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856 |
4 |
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|u http://elibrary.imf.org/view/journals/001/2008/248/001.2008.issue-248-en.xml
|y INTERNATIONAL MONETARY FUND
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929 |
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|
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928 |
|
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|t Library of Congress classification
|a HG3881.5.I58
|l Online
|c UC-FullText
|u http://elibrary.imf.org/view/journals/001/2008/248/001.2008.issue-248-en.xml
|z INTERNATIONAL MONETARY FUND
|g ebooks
|i 12145290
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