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Bank of Canada RSS Feedsen2024-03-29T09:56:04+00:00Real-financial Linkages through Loan Default and Bank Capital
https://www.bankofcanada.ca/2013/01/working-paper-2013-3/
Many studies in macroeconomics argue that financial frictions do not amplify the impacts of real shocks. This finding is based on models without endogenous default on loans and bank capital. Using a model featuring endogenous interactions between firm default and bank capital, this paper revisits the propagation mechanisms of real and financial shocks.2013-01-10T09:54:09+00:00enReal-financial Linkages through Loan Default and Bank Capital2013-01-10Financial institutionsFinancial stabilityFinancial system regulation and policiesInterest ratesWorking Paper 2013-3https://www.bankofcanada.ca/wp-content/uploads/2013/01/wp2013-03.pdfReal-financial Linkages through Loan Default and Bank CapitalTamon TakamuraJanuary 2013EE3E32E4E44E6E69