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Professor of Economics, Centre for Monetary and Financial Studies (CEMFI)
Rafael Repullo
Professor of Economics, Centre for Monetary and Financial Studies (CEMFI) in Madrid, Spain.
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
