Global banking and international business cycles
This paper incorporates a global bank into a two-country business cycle model. The bank collects deposits from households and makes loans to entrepreneurs, in both countries. It has to finance a fraction of loans using equity. We investigate how such a bank capital requirement affects the internatio...
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| Main Authors: | , , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
2011
|
| In: |
European economic review
Year: 2010, Volume: 55, Issue: 3, Pages: 407-426 |
| ISSN: | 1873-572X |
| DOI: | 10.1016/j.euroecorev.2010.12.005 |
| Subjects: | |
| Online Access: | Verlag, Volltext: http://dx.doi.org/10.1016/j.euroecorev.2010.12.005 Verlag, Volltext: http://www.sciencedirect.com/science/article/pii/S0014292110001273 |
| Author Notes: | Robert Kollmann, Zeno Enders, Gernot J. Müller |
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