Macroeconomic evolution after a production shock : the role for financial intermediation

Dmitri V. Vinogradov

Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an adequate regulation, intermediation may fail to do this. This paper studies the effects of a production shock in a closed economy and compares abilities of market-based and bank-based financial systems in processing the shock. Unregulated banking system may collapse in absence of a proper regulation. The paper studies several types of regulatory interventions, which may improve the performance of the banking system.

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Year of publication:	August 29, 2006 ; This version: August 29, 2006
Authors:	Vinogradov, Dmitri V.
Publisher:	Heidelberg : University of Heidelberg, Department of Economics
Subject:	Financial intermediation \| overlapping generations \| general equilibrium \| intertemporal smoothing \| Finanzintermediation \| Wirkungsanalyse \| Impact assessment \| Schock \| Shock \| Wirtschaftliche Anpassung \| Economic adjustment \| Allgemeines Gleichgewicht \| General equilibrium \| Overlapping Generations \| Overlapping generations \| Theorie \| Theory

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Extent:	1 Online-Ressource (circa 38 Seiten) Illustrationen
Series:	Discussion paper series / University of Heidelberg, Department of Economics. - Heidelberg : [Verlag nicht ermittelbar], ZDB-ID 2217357-2. - Vol. no. 430
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Amtsdruckschrift ; Government document ; Statistik ; Statistics ; Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/127254 [Handle]
Classification:	D50 - General Equilibrium and Disequilibrium. General ; G21 - Banks; Other Depository Institutions; Mortgages ; G28 - Government Policy and Regulation ; E44 - Financial Markets and the Macroeconomy ; e53 ; O16 - Financial Markets; Saving and Capital Investment
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003393903