Series: IMF Working Papers
Author(s): Silvia Sgherri , and Bertrand Gruss
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2009
Keywords: Credit Cycles, Collateral Constraints, DSGE Models., standards, calibration, equation, correlation, regulation, Dsge Models,
The ongoing financial turmoil has triggered a lively debate on ways of containing systemic risk and lessening the likelihood of boom-and-bust episodes in credit markets. Particularly, it has been argued that bankin...