Cyclical Changes in the Efficiency of Loan Provision under Asymmetric Information

다국어 초록 (Multilingual 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 (Reference)

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