coordination between monetary policy and the banking regulatory framework. The combination of interest rate differentials and … the structure of the U.S. banking system. This policy encouraged the development of a financial system in which financial … banking business model, getting both market share and profits of the regulated banking system. The New Deal constraints …

Recession and the Slow Recovery. This result follows from a DSGE model featuring a heterogeneous banking sector estimated from …. According to our estimates, the collapse of shadow banking after the financial crisis can explain an important part of the …