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Equilibrium Analysis, Banking and Financial Instability

Tsomocos, Dimitrios P. - Finance Research Centre, Oxford University - 2003

This paper first extends the canonical General Equilibrium with Incomplete Markets (GEI) model with money and default … with Commercial Banks and Default (MECBD) exist and financial instability and default emerge as equilibrium phenomena. A …

Persistent link: https://www.econbiz.de/10005729991

Equilibrium analysis, banking, contagion and financial fragility

Tsomocos, Dimitrios P. - London School of Economics (LSE) - 2003

This paper contains a general equilibrium model of an economy with incomplete markets (GEI) with money and default. The … for positive default levels in equilibrium. It also characterises contagion and financial fragility as an equilibrium …

Persistent link: https://www.econbiz.de/10010884714

Equilibrium Analysis, Banking, Contagion and Financial Fragility

Tsomocos, Dimitrios - Finance Research Centre, Oxford University - 2003

This paper contains a General Equilibrium model of an economy with Incomplete Markets (GEI) with money and default. The … allows for positive default levels in equilibrium. It also characterises contagion and financial fragility as an equilibrium …

Persistent link: https://www.econbiz.de/10005509825

A Model to Analyse Financial Fragility: Applications

Tsomocos, Dimitrios P; Goodhart, Charles A.E. - Department of Economics, Oxford University - 2004

, banks and endogenous default, thus allowing various feedback and contagion channels to operate in equilibrium. Such a model …

Persistent link: https://www.econbiz.de/10011146236

A model to analyse financial fragility: applications

Goodhart, Charles; Sunirand, Pojanart; Tsomocos, … - London School of Economics (LSE) - 2004

, banks and endogenous default, thus allowing various feedback and contagion channels to operate in equilibrium. Such a model …

Persistent link: https://www.econbiz.de/10010745587

Evaluation of macroeconomic models for financial stability analysis

Bårdsen, Gunnar; Lindquist, Kjersti-Gro; Tsomocos, … - Institutt for Samfunnsøkonomi, Norges … - 2006

As financial stability has gained focus in economic policymaking, the demand for analyses of financial stability and the consequences of economic policy has increased. Alternative macroeconomic models are available for policy analyses, and this paper evaluates the usefulness of some models from...

Persistent link: https://www.econbiz.de/10005823070