Series: IMF Working Papers
Author(s): Jaromir Benes , Inci Ötker , and David Vávra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2009
Keywords: macro-financial linkages, modeling, policy analysis, financial frictions, credit growth, credit crunch, bank loans, bank lending, banking, bank credit
This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in...