When Banks Punch Back : Macrofinancial Feedback Loops in Stress Tests /
In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to contract their balance sheets. These bank responses generate externalities that propagate in the form of macro-financial feedback loops. This paper develops a credit response and externa...
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| Awduron Eraill: | |
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Cyfres: | IMF Working Papers; Working Paper ;
No. 2020/072 |
| Mynediad Ar-lein: | Full text available on IMF |