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دانلود رایکان مقاله انگلیسی ISI با موضوع مدل تئوریک وام دهی بانک

عنوان فارسی مقاله:

مدل تئوریک وام دهی بانک: آیا موضوع مالکیت در زمان های بحران مهم می باشد؟

عنوان انگلیسی مقاله:

A theoretical model of bank lending: Does ownership matter in times of crisis?

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بخشی از مقاله انگلیسی :

2 The theoretical model

This section presents a theoretical model that offers a framework to model the differential behavior across private and public banks in times of crises. The model offers a potential description of the conditions and mechanisms giving rise to the empirical evidence presented in the introduction. Concretely, the model allows us to replicate the observed behavior: in times of crisis, private banks reduce their productive lending to a higher extent than public banks. The model presents three possible explanations for the observed behavior. First, the objective of public banks, in contrast to private banks, is not only to maximize profits given risk, but also to stabilize and promote the recovery of the economy in a downturn. That is, they take into account externalities and social welfare opposed to private banks. Second, public banks might suffer less deposit withdrawals than private banks during crisis periods, or their presence might even avoid a bank run in a severe crisis, because public banks are more likely to be recapitalized, since the fiscal authorities tend to have more financial resources than private shareholders. And finally, public banks may suffer less deposit withdrawals, because private depositors perceive them as safer and find a future recapitalization in times of distress more likely. We start by analyzing the first argument in the following subsections and address the final two explanations in subsection 2.7.