Encontrado 1 documento, a visualizar página 1 de 1

Essays on Macroeconomics of Banking: Credit Frictions, Business Cycle and Bank ...

The role of financial frictions in the propagation of exogenous shocks in the economy has been subject of much debate in the literature and of significant implications at the institutional level. The main issue at stake is whether financial frictions are able to transform small exogenous shocks to the economy into amplified and persistent movements in aggregate output. This dissertation fits in this line of res...