their lending to real sector firms.Our agent-based model considers five types of agents: banks, depositors, the Central Bank … fundamental role in banks' liquidity management; (3) banks avoid borrowing resources from the Central Bank; (4) when the monetary … insights regarding the relationship between monetary policy stances and bank risk-taking, opening an avenue to investigate the …

Bank, firms, and the clearinghouse. While banks and depositors are bounded-rational agents with adaptive strategies, the … fundamental role in banks' liquidity management; (3) banks avoid borrowing resources from the Central Bank; (4) when the monetary … insights regarding the relationship between monetary policy stances and bank risk-taking, opening an avenue to investigate the …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … using a model of bank risk-taking and securitization. …