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Capital Adequacy Requirements and the Bank Lending Channel of Monetary Policy

URN to cite this document:
urn:nbn:de:bvb:355-opus-3002
DOI to cite this document:
10.5283/epub.4508
Gontermann, Andreas
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Date of publication of this fulltext: 23 Oct 2003 13:47


Abstract

In this paper a modified version of Bernanke and Blinder�s (1988) model of the bank lending channel of monetary policy under asymmetric information is presented. If, aside from reserve requirements, banks have to meet capital adequacy requirements as well, then the results suggested by Bernanke and Blinder have to be amended in several respects. Most noticeably, when the net worth constraint is ...

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