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The Role of Capital Requirements and Credit Composition in the Transmission of Macroeconomic and Financial Shocks

Oscar Mauricio
Valencia-Arana
Daniel
Osorio
Pablo
Garay
Lunes, 8 Agosto 2016

This paper builds a general equilibrium model that incorporates banks, financial frictions, default and a capital requirements. Ex-ante heterogeneous households decide how much to save or borrow for the sake of consumption (consumer credit) or the provisi