Wholesale bank funding, capital requirements and credit rationing:
Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Agur, Itai (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] International Monetary Fund ©2013
Schriftenreihe:IMF working paper WP/13/30
Schlagworte:
Online-Zugang:Volltext
Beschreibung: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
"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
Includes bibliographical references (pages 20-21)
Beschreibung:1 Online-Ressource (22 pages)
ISBN:9781475569858
1475569858

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