Search Results

Showing results 1 to 3 of approximately 3.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Repullo, Rafael 

Discussion Paper
Entrepreneurial moral hazard and bank monitoring: a model of the credit channel

This paper develops a model of the choice between bank and market finance by entrepreneurial firms that differ in the value of their net worth. The monitoring associated with bank finance ameliorates a moral hazard problem between the entrepreneurs and their lenders. The model is used to analyze the different strands of the credit view of the transmission of monetary policy. In particular, we derive the empirical implications of a broad credit channel, and compare them to those obtained when the model is extended to incorporate some elements of the bank lending channel.
Discussion Paper / Institute for Empirical Macroeconomics , Paper 129

Conference Paper
Who should act as lender of last resort? an incomplete contracts model

Proceedings

Conference Paper
Capital requirements, market power, and risk-taking in banking

Proceedings , Paper 809

FILTER BY year

FILTER BY Content Type

FILTER BY Author

FILTER BY Keywords

Bank assets 1 items

Bank capital 1 items

Bank competition 1 items

Bank liquidity 1 items

Bank supervision 1 items

Credit 1 items

show more (2)

PREVIOUS / NEXT