three active heterogeneous banks, incomplete markets, and endogenous default. The setting of three heterogeneous banks …

three active heterogeneous banks, incomplete markets, and endogenous default. The setting of three heterogeneous banks …

/regulator, incomplete markets, and endogenous default. We address the impact of monetary and regulatory policy, credit and capital shocks in … in our model, i.e. banks’ probabilities of default and banks’ profits - to a proxy of welfare. …

Goodhart-Tsomocos model which is based on general equilibrium with incomplete markets, money and default. The calibration of … default rates of their clients. The model also incorporates default of households and may be used, after further extension, in … predicting households´ default rates with respect to the behaviour of banks in consequence of changes in macroeconomic parameters …

/regulator, incomplete markets, and endogenous default. We address the impact of monetary and regulatory policy, credit and capital shocks in … in our model, i.e. banks` probabilities of default and banks` profits - to a proxy of welfare. …

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 …

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 …

so as to test the impact of both real and financial fragility on banks’ default losses. We use a regression model with an … before to Italian default data. The results show that the impact of financial fragility on default losses is enhanced by …