A time series analysis of financial fragility in the UK banking system

This paper extends the model proposed by Goodhart, Sunirand, and Tsomocos (2003, 2004a,b) to an infinite horizon setting. Thus, we are able to assess how the model conforms with the time series data of the U.K. banking system. We conclude that, since the model performs satisfactorily, it can be read...

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Main Authors: Goodhart, C, Sunirand, P
格式: Working paper
出版: University of Oxford 2004