Capital Requirements and Rational Discount-Window Borrowing.: An article from: Journal of Money, Credit & Banking

This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on November 1, 1998. The length of the article is 7687 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: When banks face capital regulations and stochastic deposit supply, their decisions to borrow at the discount window will be affected by a broader range of variables than previous theoretical and empirical studies have recognized. Moreover, those decisions can respond discontinuously to changes in market parameters and to the form of rationing role by which the discount window is administered. Risk aversion can complicate these linkages considerably, even causing some banks to prefer a positive discount rate that may exceed the actual level. Reprinted by author permission.

Citation Details
Title: Capital Requirements and Rational Discount-Window Borrowing.
Author: Sherrill Shaffer
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1998
Publisher: Ohio State University Press
Page: 849(1)

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