Financial Fragility in a General Equilibrium Model: the Brazilian case
Benjamin Tabak,
Daniel Cajueiro and
Dimas Fazio
No 229, Working Papers Series from Central Bank of Brazil, Research Department
Abstract:
This paper employs a general equilibrium approach to model the Brazilian financial system. We show that the model is able to replicate the main characteristics of the data and to predict short-term trends. The model is calibrated for the 2002-2006 period. Empirical results suggest that the financial system is improving in terms of financial stability over time. Furthermore, the model has been proven useful to model the Brazilian banking system and could be employed to evaluate the impact of changes in financial regulation on the banking system.
Date: 2010-12
New Economics Papers: this item is included in nep-ban, nep-cis, nep-cmp and nep-mic
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Journal Article: Financial fragility in a general equilibrium model: the Brazilian case (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:bcb:wpaper:229
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