Detail An Adverse-Selection Model of Bank Asset and Liability Management With Implications for The Transmission of Monetary Policy   Oleh:  Stein, Jeremy C. Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 29 no. 3 (1998), page 466-486. Topik: MONETARY POLICY; bank asset; liability management; monetary policy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel I develop a model in which information problems make it difficult for banks to raise funds with instruments other than insured deposits. The model has a number of implications for bank asset and liability management as well as corporate financing patterns. It also speaks to the question of how monetary policy works : when the Federal Reserve reduces reserves, this tightens banks' financing constraints and leads to both a cutback in the supply of intermediated lending and an increase in bond - market interest rates. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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