| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9134 |
| DP9134 A Macroeconomic Model of Endogenous Systemic Risk Taking | |
| Javier Suarez; David Martinez-Miera | |
| 发表日期 | 2012-09-16 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We analyze banks' systemic risk taking in a simple dynamic general equilibrium model. Banks collect funds from savers and make loans to firms. Banks are owned by risk-neutral bankers who provide the equity needed to comply with capital requirements. Bankers decide their (unobservable) exposure to systemic shocks by trading off risk-shifting gains with the value of preserving their capital after a systemic shock. Capital requirements reduce credit and output in |
| 主题 | Financial Economics ; International Macroeconomics |
| 关键词 | Capital requirements Credit cycles Financial crises Macroprudential policies Risk shifting Systemic risk |
| URL | https://cepr.org/publications/dp9134 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537968 |
| 推荐引用方式 GB/T 7714 | Javier Suarez,David Martinez-Miera. DP9134 A Macroeconomic Model of Endogenous Systemic Risk Taking. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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