Business Cycle with Bank Intermediation in Oil Economies /

The structural model in this paper proposes a micro-founded framework that incorporates an active banking sector with an oil-producing sector. The primary goal of adding a banking sector is to examine the role of an interbank market on shocks, introduce a national development fund and study its link...

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Autore principale: Tabarraei, Hamid
Altri autori: Ghiaie, Hamed, Shahmoradi, Asghar
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2018.
Serie:IMF Working Papers; Working Paper ; No. 2018/999
Accesso online:Full text available on IMF
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245 1 0 |a Business Cycle with Bank Intermediation in Oil Economies /  |c Hamid Tabarraei, Hamed Ghiaie, Asghar Shahmoradi. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a The structural model in this paper proposes a micro-founded framework that incorporates an active banking sector with an oil-producing sector. The primary goal of adding a banking sector is to examine the role of an interbank market on shocks, introduce a national development fund and study its link to the banking sector and the government. The government and the national development fund directly play key roles in the propagation of the oil shock. In contrast, the banking sector and the labor market, through perfect substitution between the oil and non-oil sectors, have major indirect impacts in spreading shocks. 
538 |a Mode of access: Internet 
700 1 |a Ghiaie, Hamed. 
700 1 |a Shahmoradi, Asghar. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/999 
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