摘要 : We study the properties of a monetary economy with an essential role for risky bank lending. Banks issue deposits and lend to entrepreneurs. Because banks' lending rate cannot be made contingent on aggregate shocks, and because ba... 展开
作者 | Benes~ Jaromir Kumhof~ Michael |
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作者单位 | |
期刊名称 | 《Journal of Economic Dynamics and Control》 |
页码/总页数 | 58-80 / 23 |
语种 | 英语 |
关键词 | Bank lending Lending risk Financial accelerator Monetary policy Macroprudential policy Bank capital adequacy |
DOI | 10.1016/j.jedc.2015.06.005 |
馆藏号 | F-112 |