Business Cycle with Bank Intermediation in Oil Economies
Author/Editor: Hamid R Tabarraei, Hamed Ghiaie, Asghar Shahmoradi
Release Date: © October, 2018
ISBN
: 978-1-48437-772-7
Stock #: WPIEA2018226
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
Yes | |||||||
ePub | Yes | ||||||
Mobipocket | Yes |
Description
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.
More publications in this series: Working Papers
More publications by: Hamid R Tabarraei ; Hamed Ghiaie ; Asghar Shahmoradi