Número:
878
Publicado:
Clasificación JEL:
G11, D86
Palabras clave:
DSGE Modeling, Financial Frictions, Moral Hazard, Macro-Prudential Policies
Lo más reciente
Joaquín Bernal-Ramírez, Carlos Alberto Arango-Arango, Luis Eduardo Castellanos-Rodríguez
Hector Manuel Zárate-Solano, Norberto Rodríguez-Niño
This paper presents a DSGE model with banks that face moral hazard in management. Banks receive demand deposits and fund investment projects. Banks are subject to potential withdrawals by depositors which may force them into early liquidation of their inv