Macroeconomic Shocks and Banking Regulation
نویسندگان
چکیده
منابع مشابه
Macroeconomic Shocks and Banking Supervision
We build a simple model of banking in the presence of macroeconomic shocks where the comparative roles of private and public monitors can be analyzed. This model provides endogenous justifications for prudential regulation (capital requirements) and emergency liquidity assistance by the Central Bank (lender of last resort). We show that market discipline can be helpful, but does not solve the f...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2012
ISSN: 0022-2879
DOI: 10.1111/j.1538-4616.2012.00559.x