G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10265
DP10265 Bank Liabilities Channel
Vincenzo Quadrini
发表日期2014-11-30
出版年2014
语种英语
摘要The financial intermediation sector is important not only for channeling resources from agents in excess of funds to agents in need of funds (lending channel). By issuing liabilities it also creates financial assets held by other sectors of the economy for insurance purpose. When the intermediation sector creates less liabilities or their value falls, agents are less willing to engage in activities that are individually risky but desirable in aggregate (bank liabilities channel). The paper studies how financial crises driven by self-fulfilling expectations are transmitted, through this channel, to the real sector of the economy.
主题International Macroeconomics
关键词Banking crises Macroeconomic volatility Transmission channel
URLhttps://cepr.org/publications/dp10265
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/539098
推荐引用方式
GB/T 7714
Vincenzo Quadrini. DP10265 Bank Liabilities Channel. 2014.
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