Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/29654 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorZhang, Longmeien
dc.date.accessioned2010-01-07-
dc.date.accessioned2010-01-27T12:55:35Z-
dc.date.available2010-01-27T12:55:35Z-
dc.date.issued2009-
dc.identifier.isbn978-3-86558-586-8en
dc.identifier.urihttp://hdl.handle.net/10419/29654-
dc.description.abstractThis paper develops a Dynamic Stochastic General Equilibrium (DSGE) model to study how the instability of the banking sector can amplify and propagate business cycles. The model builds on Bernanke, Gertler and Gilchrist (BGG) (1999), who consider credit demand friction due to agency cost, but it deviates from BGG in that financial intermediaries have to share aggregate risk with entrepreneurs, and therefore bear uncertainty in their loan portfolios. Unexpected aggregate shocks will drive loan default rate away from expected, and have an impact on both firm and bank's balance sheet via the financial contract. Low bank capital position can create strong credit supply contraction, and have a significant effect on business cycle dynamics.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2009,33en
dc.subject.jelE32en
dc.subject.jelE44en
dc.subject.jelE52en
dc.subject.ddc330en
dc.subject.keywordBank capital regulationen
dc.subject.keywordbanking instabilityen
dc.subject.keywordfinancial frictionen
dc.subject.keywordbusiness cycleen
dc.subject.stwEigenkapitalvorschriftenen
dc.subject.stwBankrisikoen
dc.subject.stwKreditmarkten
dc.subject.stwMarktversagenen
dc.subject.stwKreditrisikoen
dc.subject.stwKreditrationierungen
dc.subject.stwAkzeleratoren
dc.subject.stwKonjunkturen
dc.subject.stwFinanzmarktkriseen
dc.subject.stwWirtschaftskriseen
dc.subject.stwTheorieen
dc.titleBank capital regulation, the lending channel and business cycles-
dc.typeWorking Paperen
dc.identifier.ppn615918735en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:200933en

Datei(en):
Datei
Größe
305.23 kB





Publikationen in EconStor sind urheberrechtlich geschützt.