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result suffered significant losses. We conclude that global banking flows, rather than global imbalances, determined the …
Persistent link: https://www.econbiz.de/10012462576
This paper is an exploratory analysis of the role that banks play in supporting the mechanism of exchange. It considers a model economy in which exchange activities are facilitated and coordinated by a self-organizing network of entrepreneurial trading firms. Collectively, these firms play the...
Persistent link: https://www.econbiz.de/10012461555
of the banking system reveals that most swap exposures are offsetting. Therefore, as a description of prevailing practice …
Persistent link: https://www.econbiz.de/10014250183