Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs

Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs
In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets comprise large gross FX assets and liabilities. This paper extends the DSGE model of Gertler and Karadi (2011) to incorporate these key features and estimates a panel vector autoregression on ten Asian economies to understand... READ MORE...

Publication date: January 2021
ISBN 9781513566832
$18.00

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