Banks’ Precautionary Capital and Persistent Credit Crunches /
Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be explained by a declined demand by financially impaired borrowers (the conventional financial accelerator) or by lower supply by capital-constrained banks, a "credit crunch"....
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2008
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| Edition: | 1st ed |
| Series: | IMF working paper ;
WP/08/248 IMF Working Papers; Working Paper ; No. 2008/248 |
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