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reported rates of use of financial services. Rates of household use are almost identical whether the head reports on behalf of … the household or whether the rate is tabulated from a full enumeration of household members. A less complete summary of … household use of financial services results when randomly selected informants (nonheads of household) provide the information …
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' implications for household welfare. Within the context of our model, liquidity requirements are preferable to capital requirements …
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Even though the sector of Non-bank financial intermediaries (NBFI) or shadow banks represent a large part of the contemporary financial system, these institutions received almost no attention in macroeconomic studies so far. Their presence has significant influence on the conduct of monetary...
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