The paper uses bank- and instrument-level data on asset holdings and liabilities to identify and estimate a general … equilibrium model of trade in financial instruments. Bilateral ties are formed as each bank selects the size and the … lead to less amplification of partial equilibrium shocks, (ii) the influence of a bank's equity is independent of the size …

institutions: banks and bank management -- Financial industry structure -- Regulating the financial system -- Central banks … reserve and the european central bank -- The central bank balance sheet and the money supply process -- Monetary policy …: stabilizing the domestic economy -- Exchange-rate policy and the central bank -- Money growth, money demand, and modern monetary …