The Real Effects of Endogenous Defaults on the Interbank Market

This paper explains the reaction of the interbank market to confidence shocks by means of a micro-founded general equilibrium model with heterogeneous banks. The contribution of the model is threefold: first, it micro-founds the decision problem of banks, by explicitly relating counterparty risk to...

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Bibliographic details
Volume: 6
Main Author: Minesso Ferrari, Massimo
Format: Journal Article
Language: English
Place of publication: Heidelberg Springer Nature B.V 25.07.2019
published in: Italian Economic Journal Vol. 6; no. 3; pp. 411 - 439
Data of publication: 2019-07-25
ISSN: 2199-322X
EISSN: 2199-3238
Online Access: Fulltext
Database: CrossRef
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