Modeling with Macro-Financial Linkages.

This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated wit...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Benes, Jaromir
Otros Autores: Ötker, Inci, Vávra, David
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Microfinance.
Financial crises.
Financial crises
Microfinance
Acceso en línea:Texto completo

MARC

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245 1 0 |a Modeling with Macro-Financial Linkages. 
260 |a Washington :  |b International Monetary Fund,  |c 2009. 
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505 0 |a I. Introduction and Motivation; II. The Model with Financial Intermediation and Frictions; A. The Basic Structure of the Model; B. Description of the Model's Micro Foundations; C. Main Characteristics of Policy Transmission; III. Model Calibration and Properties; A. Parameterizing Steady State; Tables; 1. List of Main Behavioral Parameters and Their Baseline Calibration; B. Parameterizing Transitory Dynamics and Stochastic Properties; IV. Using the Model-Based Framework for Policy Analysis-Implications of a Credit Crunch; A. Credit Crunch Induced by Exogenous Shocks. 
505 8 |a 2. The Simulated Effects of the Exogenously Induced Credit Supply ShocksFigures; 1. Simulated Effects of the Exogenously Induced Credit Crunch Shock; B. Policy Induced Credit Crunch; 3. The Simulated Effects of the Policy Shocks to Credit Supply: Priced-based Credit Measures; 2. Simulated Effects of the Price-Based Credit Measures; 4. The Simulated Effects of the Individual Policy Shocks to Credit Supply: Credit Growth Controls; 3. Simulated Effects of the Direct Credit Controls; V. Conclusions and Policy Implications; Reference. 
520 |a This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated with rapid credit growth, financial dollarization, and foreign borrowing, while lacking traditional tools to effect monetary policy transmission, and hence could resort to more direct instruments, such as foreign exchange market intervention and regulatory and administrative measures. Calibrating the m. 
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650 0 |a Microfinance. 
650 0 |a Financial crises. 
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650 7 |a Microfinance  |2 fast 
700 1 |a Ötker, Inci. 
700 1 |a Vávra, David. 
776 0 8 |i Print version:  |a Benes, Jaromir.  |t Modeling with Macro-Financial Linkages: Credit and Policy Shocks in Emerging Markets.  |d Washington : International Monetary Fund, ©2009  |z 9781451872705 
830 0 |a IMF Working Papers. 
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