Goodhart, Charles A.E.; Sunirand, Pojanart; Tsomocos, … - Finance Research Centre, Oxford University - 2004
The purpose of our work is to explore contagious financial crises. To this end, we use simplified, thus numerically solvable, versions of our general model [Goodhart, Sunirand and Tsomocos (2003)]. The model incorporates heterogeneous agents, banks and endogenous default, thus allowing various...