Modeling financial system with interbank flows, borrowing, and investing
In our model, private actors with interbank cash flows similar to, but more general than that by Carmona et al. (2013) borrow from the non-banking financial sector at a certain interest rate, controlled by the central bank, and invest in risky assets. Each private actor aims to maximize its expected...
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |