Article ID Journal Published Year Pages File Type
5056081 Economic Modelling 2007 40 Pages PDF
Abstract
We examine the response of our model to shocks in the monetary base, in the currency-deposits ratio and in the required reserve ratio. Our main finding is that all these monetary shocks lead to changes in the composition of total investment between the banking and the non-banking sectors.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Modelling the central bank repo rate in a dynamic general equilibrium framework
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