| Description |
1 online resource (22 pages) : color illustrations |
| Series |
IMF working paper ; WP/13/30 |
|
IMF working paper ; WP/13/30.
|
| Contents |
Cover; Contents; I. Introduction; II. Model; A. Bank assets; B. Bank liabilities; C. Bank profits; D. Comparative statics to credit rationing; III. Retail funding; Figures; Figure 1. Capital requirements' impact if retail funded; IV. Unsecured wholesale funding; Figure 2. Capital requirements with unsecured funding; V. Secured wholesale funding; Figure 3. Impact of collateralizing bank funding; VI. Mixed funding; VII. Conclusions; Figure 4. Mixed funding; Appendix: Proofs; References |
| Summary |
"This paper analyzes how different types of bank funding affect the extent to which banks ration credit to borrowers, and the impact that capital requirements have on that rationing. Using an extension of the standard Stiglitz-Weiss model of credit rationing, unsecured wholesale finance is shown to amplify the credit market impact of capital requirements as compared to funding by retail depositors. Unsecured finance surged in the pre-crisis years, but is increasingly replaced by secured funding. The collateralization of wholesale funding is found to expand the extent of credit rationing"--Page 2 of pdf |
| Notes |
Title from PDF title page (IMF Web site, viewed Feb. 12, 2013) |
|
"IMF - Singapore Regional Training Institute"--Page 2 of pdf |
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"January 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (pages 20-21) |
| Subject |
Bank assets -- Econometric models
|
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Bank liabilities -- Econometric models
|
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Bank profits -- Econometric models
|
|
Security (Law)
|
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BUSINESS & ECONOMICS -- Banks & Banking.
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Security (Law)
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| Form |
Electronic book
|
| Author |
IMF-Singapore Regional Training Institute, issuing body.
|
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International Monetary Fund, issuing body.
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| ISBN |
9781475569858 |
|
1475569858 |
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9781475571622 |
|
1475571623 |
|
9781475594829 |
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1475594828 |
|
