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Cited by 586

The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.

Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence

THAKOR, ANJAN V.·1996·The Journal of Finance
DOI 10.1111/j.1540-6261.1996.tb05210.x
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Abstract

Capital requirements linked solely to credit risk are shown to increase equilibrium credit rationing and lower aggregate lending. The model predicts that the bank's decision to lend will cause an abnormal runup in the borrower's stock price and that this reaction will be greater the more capital‐constrained the bank. I provide empirical support for this prediction. The model explains the recent inability of the Federal Reserve to stimulate bank lending by increasing the money supply. I show that increasing the money supply can either raise or lower lending when capital requirements are linked only to credit risk.

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Crossref · 10.1111/j.1540-6261.1996.tb05210.x

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Metadata

Authors
THAKOR, A. V.
Venue
The Journal of Finance
Publisher
Wiley
Published
1996-03
Volume
51
Issue
1
Pages
279-324
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.1996.tb05210.x
OpenAlex
W2106926746
Cited by
586
References
45
FWCI
10.09
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence. https://app.cochat.ai/papers/10.1111/j.1540-6261.1996.tb05210.x
The paper
THAKOR, A. V. (1996). Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1996.tb05210.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.