Capital Requirements and Rational Discount-Window Borrowing
当银行面临资本监管和随机存款供给时，其贴现窗口借款决策受更多变量影响，且可能对市场参数和配给规则变化做出不连续反应，风险厌恶会进一步复杂化这些关系。
When banks face capital regulations and stochastic deposit supply, their decisions to borrow at the discount window will be affected by a broader range of variables than previous theoretical and empirical studies have recognized. Moreover, those decisions can respond discontinuously to changes in market parameters and to the form of rationing rule by which the discount window is administered. Risk aversion can complicate these linkages considerably, even causing some banks to prefer a positive discount rate that may exceed the actual level.