논문KCI 등재
Cyclical Changes in the Efficiency of Loan Provision under Asymmetric Information
예금보험공사 (Korea Deposit Insurance Corporation)|2012.12|금융안정연구 (Financial Stability Studies)|제13권 제2호|pp. 121-147
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This paper explores the efficiency of bank lending in a business cycle when information asymmetry is present. Assding and the funding decisions of the bank. Then, the papeuming that the existing equity holders of a bank exploit their informational superiority over the potential bond and equity buyers, it examines how this influences the lenr discusses whether and how capital requirement as regulation on the funding decision enhances market efficiency.
Abstract
This paper explores the efficiency of bank lending in a business cycle when information asymmetry is present. Assding and the funding decisions of the bank. Then, the papeuming that the existing equity holders of a bank exploit their informational superiority over the potential bond and equity buyers, it examines how this influences the lenr discusses whether and how capital requirement as regulation on the funding decision enhances market efficiency.
참고문헌 (29)
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