Cross-Border Credit Intermediation and Domestic Liquidity Provision in a Small Open Economy /

This paper develops a small open economy model where global and domestic liquidity is intermediated to the corporate sector through two financial processes. Investment banks intermediate cross-border credit through interlinked debt contracts to entrepreneurs and commercial banks intermediate domesti...

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Autor principal: Olafsson, Thorvardur Tjoervi
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2018.
Col·lecció:IMF Working Papers; Working Paper ; No. 2018/202
Accés en línia:Full text available on IMF