Capital Adequacy Requirements and the Bank Lending Channel of Monetary Policy

URN zum Zitieren dieses Dokuments:: urn:nbn:de:bvb:355-opus-3002
DOI zum Zitieren dieses Dokuments:: 10.5283/epub.4508

Gontermann, Andreas

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Veröffentlichungsdatum dieses Volltextes: 23 Okt 2003 13:47

Alternative Links zum Volltext:Repec Verlag

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Zusammenfassung

In this paper a modified version of Bernanke and Blinder�s (1988) model of the bank lending channel of monetary policy under asymmetric information is presented. If, aside from reserve requirements, banks have to meet capital adequacy requirements as well, then the results suggested by Bernanke and Blinder have to be amended in several respects. Most noticeably, when the net worth constraint is ...