Showing 1 - 10 of 173
Persistent link: https://www.econbiz.de/10001214606
adequacy regulations and households' preferences for liquidity. Detailing a dynamic new Keynesian general equilibrium model, in … which households require a (countercyclical) liquidity premium to hold bank capital, we find that the introduction of bank … capital amplifies monetary shocks to the macroeconomy through a liquidity premium effect on the external finance premium. This …
Persistent link: https://www.econbiz.de/10004975698
Persistent link: https://www.econbiz.de/10001155270
Persistent link: https://www.econbiz.de/10001284646
Persistent link: https://www.econbiz.de/10001184426
Persistent link: https://www.econbiz.de/10001184454
Persistent link: https://www.econbiz.de/10001432360
Persistent link: https://www.econbiz.de/10001184459
The most fundamental form of systemic risk in modern financial networks is contagion. In this article we describe a homogeneous banking system (banks with identical preferences and the same size of total assets) with interconnectedness: banks own shares in each others' assets. Using these...
Persistent link: https://www.econbiz.de/10011444397
In this paper we investigate the relationship between sustainability and economic growth starting from Stern (2006) which is the first comprehensive analysis of the global warming from economic point of view. We also discuss the critical debate of this study which was focused mainly on the...
Persistent link: https://www.econbiz.de/10010494609