Joseph Atta-Mensah - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T08:27:42+00:00Collateral and Credit Supply
https://www.bankofcanada.ca/2003/04/working-paper-2003-11/
The author examines the role of collateral in an environment where lenders and borrowers possess identical information and similar beliefs about its future value. Using option-pricing techniques, he shows that a secured loan contract is equivalent to a regular bond and an embedded option to the borrower to default.2003-04-01T12:40:59+00:00enCollateral and Credit Supply2003-04-01Credit and credit aggregatesEconomic modelsWorking Paper 2003-11https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-11.pdfCollateral and Credit SupplyJoseph Atta-MensahApril 2003EE5E51GG1G11G12G13Bank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy
https://www.bankofcanada.ca/2003/04/working-paper-2003-9/
The authors use a dynamic general-equilibrium model to study the role financial frictions play as a transmission mechanism of Canadian monetary policy, and to evaluate the real effects of exogenous credit shocks. Financial frictions, which are modelled as spreads between deposit and loan interest rates, are assumed to depend on economic activity as well as on credit shocks.2003-04-01T11:27:17+00:00enBank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy2003-04-01Financial institutionsMonetary policy frameworkMonetary policy transmissionWorking Paper 2003-9 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-9.pdfBank Lending, Credit Shocks, and the Transmission of Canadian Monetary PolicyJoseph Atta-MensahAli DibApril 2003EE3E32E4E5E51