GIRI, Federico - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2014
The aim of this paper is to assess the impact of the interbank market on the business cycle fluctuations. We build a … borrowers on the interbank market and they provide credit to the real economy. The surplus bank are net lender and they could … exogenous shock that modifies the riskiness of the interbank lending thus allowing us to capture the collapse of the interbank …