A Model of Financial Shocks at Bank and Interbank of Iran (DSGE)

Abbas Shakeri and Azam Ahmadian

Journal of Money and Economy, 2013, vol. 8, issue 4, 19-58

Abstract: This paper proposes a fully micro-founded framework that incorporates optimizing banks into a DSGE model, and evaluates the role of banks and financial shocks in the Iranian business cycles. We consider banks that offer different banking services and interact in an interbank market. Loans are produced using interbank borrowing and deposits. Banks

Keywords: Banks; Interbank market; Financial shocks; Monetary policy (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:8:y:2013:i:4:p:19-58

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