Basel accord and financial intermediation: The impact of policy

Autor:	Berka, Martin, Zimmermann, Christian
Jazyk:	angličtina
Rok vydání:	2012
Předmět:	G28 Konkurs Kreditrationierung Finanzintermediär bank capital channel capital requirements occupational choice bankruptcy credit crunch ddc:330 Basel II E44 E22 Basel Accord E58 Theorie
Popis:	This paper studies loan activity in a context where banks must follow Basel Accord-type rules and acquire financing from households. Loan activity typically decreases when entrepreneurs' investment returns decline, and we study which type of policy could revigorate an economy in a trough. We find that active monetary policy increases loan volume even when the economy is in good shape; introducing active capital requirement policy can be effective as well if it implies tightening of regulation in bad times. This is performed with an heterogeneous agent economy with occupational choice, financial intermediation and aggregate shocks to the distribution of entrepreneurial returns.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=od______1687::3c7b17dc8cd458b3ea43b5e7f590cb42 https://hdl.handle.net/10419/55352 Zobrazit plný text záznamu