Showing 1 - 10 of 27
Persistent link: https://www.econbiz.de/10011376459
Persistent link: https://www.econbiz.de/10011432269
Persistent link: https://www.econbiz.de/10009716572
Persistent link: https://www.econbiz.de/10011459440
Persistent link: https://www.econbiz.de/10011493374
Persistent link: https://www.econbiz.de/10001705514
There has been considerable progress in developing macroeconomic models of banking crises. However, most of this literature focuses on the retail sector where banks obtain deposits from households. In fact, the recent financial crisis that triggered the Great Recession featured a disruption of...
Persistent link: https://www.econbiz.de/10013001200
This paper incorporates banks and banking panics within a conventional macroeconomic framework to analyze the dynamics of a financial crisis of the kind recently experienced. We are particularly interested in characterizing the sudden and discrete nature of the banking panics as well as the...
Persistent link: https://www.econbiz.de/10012941161
We introduce liquidity frictions into an otherwise standard DSGE model with nominal and real rigidities and ask: Can a shock to the liquidity of private paper lead to a collapse in short-term nominal interest rates and a recession like the one associated with the 2008 U.S. financial crisis? Once...
Persistent link: https://www.econbiz.de/10012991692
We introduce liquidity frictions into an otherwise standard DSGE model with nominal and real rigidities, explicitly incorporating the zero bound on the short-term nominal interest rate. Within this framework, we ask: Can a shock to the liquidity of private paper lead to a collapse in short-term...
Persistent link: https://www.econbiz.de/10009349619