Stock-Flow Consistent Modeling of Default Events Sequence in a Closed Economy
By sequentially examining the full chain of events starting from the default of firms through the fire-sale of goods towards the write-offs of bad loans, we develop a new matrix of financial transactions. This matrix is incorporated into the transactions-flows matrix of the closed economy consisting...
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| Format: | Article |
| Language: | English |
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National Bank of Ukraine
2017-03-01
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| Series: | Visnyk of the National Bank of Ukraine |
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| Online Access: | https://journal.bank.gov.ua/en/article/2017/239/03 |