Hidden Bibliographic Details
| Other authors / contributors: | IMF-Singapore Regional Training Institute, issuing body.
International Monetary Fund, issuing body.
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| ISBN: | 9781475569858
1475569858
9781475571622
1475571623
9781475594829
1475594828
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| Notes: | Title from PDF title page (IMF Web site, viewed Feb. 12, 2013).
"IMF - Singapore Regional Training Institute"--Page 2 of pdf.
"January 2013"--Page 2 of pdf.
Includes bibliographical references (pages 20-21).
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| Summary: | "This paper analyzes how different types of bank funding affect the extent to which banks ration credit to borrowers, and the impact that capital requirements have on that rationing. Using an extension of the standard Stiglitz-Weiss model of credit rationing, unsecured wholesale finance is shown to amplify the credit market impact of capital requirements as compared to funding by retail depositors. Unsecured finance surged in the pre-crisis years, but is increasingly replaced by secured funding. The collateralization of wholesale funding is found to expand the extent of credit rationing"--Page 2 of pdf.
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