Towards a measure of financial fragility
This paper proposes a measure of financial fragility that is based on economic welfare in a general equilibrium model calibrated against UK data. The model comprises a household sector, three active heterogeneous banks, a central bank/regulator, incomplete markets, and endogenous default. We address...
| Asıl Yazarlar: | , , |
|---|---|
| Materyal Türü: | Working paper |
| Baskı/Yayın Bilgisi: |
University of Oxford
2006
|