期刊名称：Dresden Discussion Paper Series in Economics / Dresden University of Technology, Faculty of Business Management and Economics
印刷版ISSN：0945-4829
出版年度：2009
卷号：1
出版社：Dresden
摘要：In this paper we study the impact of more transparency in the interbank market on the volume of bank intermediated
loans and on the profitability of the banking business. Transparency is modeled by means of the informational content
of publicly observable signals correlated to the random interbank interest rate. We find that more transparency may
increase or decrease the volume of bank loans. In particular, the impact of more transparency on the volume of loans
depends on the curvature of the marginal cost function of the banking firm. Furthermore, we find that ex ante expected
profits of the bank are higher when the interbank market is more transparent.
