Aggregate uncertainty and the supply of credit /
Recent studies show that uncertainty shocks have quantitatively important effects on the real economy. This paper examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk-neutral shareholders and subject to limited liability, can exh...
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2013
Washington, D.C. : 2013 |
| Series: | IMF Working Papers ;
Working Paper No. 13/241 IMF Working Papers; Working Paper ; No. 2013/241 IMF eLibrary IMF working paper ; WP/13/241 |
| Subjects: |