The role of capital requirements and credit composition in the transmission of macroeconomic and financial shocks

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Borradores de Economía; No. 954
Date published
2016-08-16
Date of last update
2016-08-16
Author
Valencia-Arana, Oscar Mauricio
Osorio-Rodríguez, Daniel Esteban
Garay, Pablo
Document language
spa
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Abstract
This paper builds a general equilibrium model that incorporates banks, financial frictions, default and a capital requirements. Ex-ante heterogeneous households decide how much to save or borrow for the sake of consumption (consumer credit) or the provisi
JEL Codes
E5 - Monetary Policy, Central Banking, and the Supply of Money and CreditG21 - Banks; Depository Institutions; Micro Finance Institutions; MortgagesG28 - Financial Institutions and Services: Government Policy and Regulation
Keywords
DSGE models ; Financial frictions ; Macroprudential policy ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6265
https://hdl.handle.net/20.500.12134/6265
https://doi.org/10.32468/be.954
https://ideas.repec.org/p/bdr/borrec/954.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit