Now showing items 1-2 of 2

    • Bank capital structure, macroprudential policy and economic growth 

      Alves, Maurício Barbosa
      2018-05-29
      We study the long-run impact of the adoption of macroprudential tools. We derive a dynamic general equilibrium model featuring endogenous TFP change and allowing banks to choose their balance sheet structure endogenously. ...
    • Capital budgeting and risk taking under credit constraints 

      Iachan, Felipe Saraiva
      2017-10
      Credit constraints generate a hedging motive that extends beyond purely financial decisions by also distorting the selection and operation of real investment projects. We study these distortions through a dynamic model in ...