Credit risk transfers and the macroeconomy

Ester Faia

No 1256, Working Paper Series from European Central Bank

Abstract: The recent financial crisis has highlighted the limits of the "originate to distribute" model of banking, but its nexus with the macro-economy and monetary policy remains unexplored. I build a DSGE model with banks (along the lines of Holmstr JEL Classification: E3, E5, G3

Keywords: credit risk transfer; dual moral hazard; liquidity; monetary policy; welfare (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-ban, nep-cba, nep-dge, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1256.pdf (application/pdf)

Related works:
Working Paper: Credit risk transfers and the macroeconomy (2011)
Working Paper: Credit risk transfers and the macroeconomy (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20101256

Access Statistics for this paper

More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().