Número:
127
Publicado:
Clasificación JEL:
E32, E37, E22, G14
Palabras clave:
Financial inefficiency

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José Vicente Romero-Chamorro, Sara Naranjo-Saldarriaga, Jonathan Muñoz-Martínez
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Nicol Valeria Rodríguez-Rodríguez, Hernán Dario Perdomo-Sánchez
In a dynamic, stochastic, general equilibrium model, we explore the optimal response of the inhabitants of a closed economy to an inefficient ad hoc financial system that in its intermediation duty looses a fraction of agrégate savings which otherwise wou