Image
Professor of Economics and Director, CEMFI
Rafael Repullo
Research Associates
Professor of Economics and Director, Centro de Estudios Monetarios y Financieros (CEMFI)
Publications
Moral Hazard and Debt Maturity
We present a model of the maturity of a bank’s uninsured debt. The bank borrows funds and chooses afterwards the riskiness of its assets. This moral...
DP 13
Cyclical Adjustment of Capital Requirements: A Simple Framework
We present a model of an economy with heterogeneous banks that may be funded with uninsured deposits and equity capital. Capital serves to ameliorate...
DP 3
