Войти

Financial Fragility in a General Equilibrium Model: the Brazilian Case (Tabak B. M., Cajueiro D. O., Fazio D. M.)

Bank Systems Regulation Stability&Soundness

Abstract This paper employs a general equilibrium approach to model the Brazilian financial system. We show that the model is able to replicate the main characteristics of the data and to predict short-term trends. The model is calibrated for the 2002-2006 period. Empirical results suggest that the financial system is improving in terms of financial stability over time. Furthermore, the model has been proven useful to model the Brazilian banking system and could be employed to evaluate the impact of changes in financial regulation on the banking system.
External link Download
Libref/ Tabak B. M., Cajueiro D. O., Fazio D. M. (2010) "Financial Fragility in a General Equilibrium Model: the Brazilian Case", Central Bank of Brazil Working Paper No. 229, pp. 1 - 45
© Программирование — Александр Красильников, 2008
    Дизайн — переработанная версия стартовой страницы ГУ–ВШЭ.