Wholesale Bank Funding, Capital Requirements and Credit Rationing:
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 a...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/30 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (22 p) |
ISBN: | 1475571623 9781475571622 |
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spelling | Agur, Itai Verfasser aut Wholesale Bank Funding, Capital Requirements and Credit Rationing Agur, Itai Washington, D.C International Monetary Fund 2013 1 Online-Ressource (22 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/30 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 Online-Ausg http://elibrary.imf.org/view/IMF001/20249-9781475571622/20249-9781475571622/20249-9781475571622.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Agur, Itai Wholesale Bank Funding, Capital Requirements and Credit Rationing |
title | Wholesale Bank Funding, Capital Requirements and Credit Rationing |
title_auth | Wholesale Bank Funding, Capital Requirements and Credit Rationing |
title_exact_search | Wholesale Bank Funding, Capital Requirements and Credit Rationing |
title_exact_search_txtP | Wholesale Bank Funding, Capital Requirements and Credit Rationing |
title_full | Wholesale Bank Funding, Capital Requirements and Credit Rationing Agur, Itai |
title_fullStr | Wholesale Bank Funding, Capital Requirements and Credit Rationing Agur, Itai |
title_full_unstemmed | Wholesale Bank Funding, Capital Requirements and Credit Rationing Agur, Itai |
title_short | Wholesale Bank Funding, Capital Requirements and Credit Rationing |
title_sort | wholesale bank funding capital requirements and credit rationing |
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