In the dynamic stochastic general equilibrium (DSGE) literature there has been an increasing aware- ness on the role that the banking sector can play in macroeconomic activity. We present a DSGE model with financial intermediation as in Gertler and Karadi (2011). The estimation of shocks and of...

Predicting panic is of critical importance in many areas of human and animal behavior, notably in the context of economics. The recent financial crisis is a case in point. Panic may be due to a specific external threat, or self-generated nervousness. Here we show that the recent economic crisis...

EnglishThis article aims to analyze the models for prediction of bank distress and problems focusing to those based on the signal approach. Based on this study is an attempt to construct a mechanism to improve the signal-based models to predict the banking problems.BulgarianНастоящата...