Chadha, Jagjit S.; Corrado, Luisa - Centro di Studi Internazionali Sull'Economia e la … - 2011
The financial crisis has led to the development of an active debate on the use of macro-prudential instruments for regulating the banking system, in particular for liquidity and capital holdings. Within the context of a micro-founded macroeconomic model, we allow commercial banks to choose their...