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Financial intermediation and technology : what's old, what's new?

Boot, Arnoud W. A.; Hoffmann, Peter; Laeven, Luc; … - 2020

of the traditional bank business model. Specialized providers of financial services can chip away activities that do not …

Persistent link: https://www.econbiz.de/10012241264

On shadow banking and financial frictions in DSGE modeling

Kirchner, Philipp - In: Review of economics 71 (2020) 2, pp. 101-133

Persistent link: https://www.econbiz.de/10012299922

Financial intermediation and technology : what's old, what's new?

Boot, Arnoud W. A.; Hoffmann, Peter; Laeven, Luc; … - 2020

of the traditional bank business model. Specialized providers of financial services can chip away activities that do not …

Persistent link: https://www.econbiz.de/10012300645

Sovereign risk and bank fragility

Anand, Kartik; Mankart, Jochen - 2020

We develop a model of bank risk-taking with strategic sovereign default risk. Domestic banks invest in real projects … their default risks through purchases of bonds. But, for high debt levels, this influence is lost since bank and government …

Persistent link: https://www.econbiz.de/10012301195

The state as a financial intermediary to foster long-term investments

Burghof, Hans-Peter; Müller, Carola; Müller, Carola - In: Applied economics quarterly 62 (2016) 2, pp. 205-230

Persistent link: https://www.econbiz.de/10011701269

Optimal unconventional monetary policy in the face of shadow banking

Kirchner, Philipp; Schwanebeck, Benjamin - 2017

Using a DSGE framework, we discuss the optimal design of monetary policy for an economy where both retail banks and shadow banks serve as financial intermediaries. We get the following results. During crises times, a standard Taylor rule fails to reach sufficient stimulus. Direct asset purchases...

Persistent link: https://www.econbiz.de/10011671242