Financial intermediation in an overlapping generations model with transaction costs

DOI10.1016/J.JEDC.2014.05.012zbMATH Open1402.91361OpenAlexW2021673775MaRDI QIDQ1994597FDOQ1994597

Authors Augusto Hasman, Margarita Samartín, Jos van Bommel

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://wwwen.uni.lu/content/download/53152/634700/file/Financial%20Intermediation%20in%20an%20Overlapping%20Generations%20Model%20with%20Transaction%20Costs_2011(8).pdf

zbMATH Keywords

transaction costsoverlapping generationsfinancial intermediation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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Cites work

• An overlapping-generations model with search
• Bank Runs, Deposit Insurance, and Liquidity
• Credit-Worthiness Tests and Interbank Competition
• Equilibrium interest rate and liquidity premium with transaction costs
• Existence of independent random matching
• Fiat money in a pairwise-trading, multi-good, overlapping generations model
• Financial Intermediation and Delegated Monitoring
• Financial intermediary-coalitions
• Intermediation with Costly Bilateral Exchange
• Monetary, Fiscal, and Reserve Requirement Policy in a Simple Monetary Growth Model
• On Endogenous Competitive Business Cycles
• Private and public circulating liabilities
• Self-fulfilling prophecies
• The fragility of short-term secured funding markets

Cited in

(6)

• Intermediary cost and coexistence puzzle
• Costly financial intermediation in neoclassical growth theory
• Intermediaries and payments instruments.
• Complex dynamics in the market for loans
• Financial intermediaries and markets.
• Optimal intermediated investment in a liquidity-driven cycle

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