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Shadow Banking and the Design of Macroprudential Policy in a Monetary Union
This paper studies the interaction of international shadow banking with monetary and macroprudential policy in a two-country currency union DSGE model. We find evidence that cross-country .financial integration through the shadow banking system is a source of .financial contagion in response to idio...
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| Veröffentlicht in: | MAGKS - Joint Discussion Paper Series in Economics (Band 24-2020) |
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| Autoren: | , |
| Format: | Artikel |
| Sprache: | Englisch |
| Veröffentlicht: |
Philipps-Universität Marburg
2020
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| Schlagworte: | |
| Online Zugang: | PDF-Volltext |
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