The Bank Capital Channel and Counter-Cyclical Prudential Regulation in a DSGE Model (notice n° 546762)
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| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114320.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Levieuge, Grégory |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The Bank Capital Channel and Counter-Cyclical Prudential Regulation in a DSGE Model |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2010.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 57 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The aim of this paper is to present a model for the bank capital channel (BCC) in the theoretical structure proposed by Bernanke et al. (1999). In the context of costly profit verifications, banks are charged a financing premium on their external funds, which depends on the structure of their balance sheets, and which then fluctuates in a counter-cyclical way. This premium is then passed on as higher lending costs to businesses. Simulations confirm that shocks are more amplified than in the BGG model, and confirm the importance of the financial context for macroeconomic volatility. Given the effects of this channel and the ineffectiveness of monetary policy in a capital crunch context, the model enables a conclusive assessment of the advantages associated with a preemptive and counter-cyclical prudential measure in a dynamic general equilibrium model. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | bank capital channel |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | monetary policy |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | prudential regulation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | dynamic provisioning |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 75 | 4 | 2010-01-21 | p. 425-460 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2009-4-page-425?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2009-4-page-425?lang=en&redirect-ssocas=7080</a> |
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