The Macroeconomics of Shadow Banking
收藏NBER2014-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20335
下载链接
链接失效反馈官方服务：
资源简介：
We build a macroeconomic model that centers on liquidity transformation in the financial sector. Intermediaries maximize liquidity creation by issuing securities that are money-like in normal times but become illiquid in a crash when collateral is scarce. We call this process shadow banking. A rise
提供机构：
美国国家经济研究局
创建时间：
2014-07-01
