Financial Markets, Banking and the Design of Monetary Policy: A Stable Baseline Scenario
A baseline integration of commercial banks into the disequilibrium framework with behavioral traders of Charpe et al. (2011, 2012) is presented. At the core of the analysis is the impact the banking sector exerts on the interaction of real and financial markets. Potentially destabilizing feedback ch...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2013-12-01
|
| Series: | Economies |
| Subjects: | |
| Online Access: | http://www.mdpi.com/2227-7099/2/1/1 |