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The BoC-GEM-Fin: Banking In The Global Economy.pdf

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Preview of The BoC-GEM-Fin: Banking in the Global Economy

🔗 Source: bankofcanada.ca

📊 Size: 246 KB

👤 Author: Carlos de Resende

⬇️ Downloads: 110

Summary

The Bank of Canada's Global Economy Model with Financial Frictions (BoC-GEM-Fin) is a multi-regional dynamic stochastic general-equilibrium model that features a banking system, including an interbank market and cross-border lending. The model captures the interdependence between banks and the real economy, and helps understand the impact of shocks to the US banking sector on credit conditions and real economic activity in Canada. The BoC-GEM-Fin has two key features: a multi-regional dimension and the explicit modeling of the interaction between the banking system and the real economy. The model permits the study of the international transmission of shocks, monetary policy in the presence of banking-system distress, and the macroeconomic effects of bank regulation.

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Description

The Bank of Canada's Global Economy Model with Financial Frictions (BoC-GEM-Fin) is a multi-regional dynamic stochastic general-equilibrium model that features...

Technical Information

File Format: PDF
File Size: 246 KB
Pages: 11
Language: EN
Author: Carlos de Resende
Total Downloads: 110
Last Updated: 3 months ago

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