Showing 1 - 10 of 100
We develop a canonical framework to think about credit market frictions and aggregate economic activity in the context of the current crisis. We use the framework to address two issues in particular: first, how disruptions in financial intermediation can induce a crisis that affects real...
Persistent link: https://www.econbiz.de/10014025669
Persistent link: https://www.econbiz.de/10009766940
Persistent link: https://www.econbiz.de/10011375746
Persistent link: https://www.econbiz.de/10011327406
We develop a variation of the macroeconomic model with banking in Gertler and Kiyotaki (2011) that allows for liquidity mismatch and bank runs as in Diamond and Dybvig (1983). As in Gertler and Kiyotaki, because bank net worth fluctuates with aggregate production, the spread between the expected...
Persistent link: https://www.econbiz.de/10012459533
Persistent link: https://www.econbiz.de/10012196864
We develop a variation of the macroeconomic model with banking in Gertler and Kiyotaki (2011) that allows for liquidity mismatch and bank runs as in Diamond and Dybvig (1983). As in Gertler and Kiyotaki, because bank net worth fluctuates with aggregate production, the spread between the expected...
Persistent link: https://www.econbiz.de/10013080411
Persistent link: https://www.econbiz.de/10008934691
Persistent link: https://www.econbiz.de/10010339923
Persistent link: https://www.econbiz.de/10012494851