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

2016-08-16

Authors

Valencia-Arana, Oscar Mauricio
Osorio-Rodríguez, Daniel Esteban
Garay, Pablo

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Document language

spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

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JEL Codes

E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G28 - Financial Institutions and Services: Government Policy and Regulation

Temática

Keywords

Keywords

DSGE models , Financial frictions , Macroprudential policy

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/6265
 https://hdl.handle.net/20.500.12134/6265
 https://ideas.repec.org/p/bdr/borrec/954.html
 https://doi.org/10.32468/be.954

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Borradores de Economía

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito