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...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
2006
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