Financial intermediation, house prices, and the welfare effects of the U.S. Great Recession
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DOI: 10.1016/j.euroecorev.2020.103568
Abstract: Abstract This paper quantifies the welfare costs of the Great Recession in the United States and their distribution between borrowing and saving households. We use a calibrated dynamic general equilibrium model with shocks to aggregate… read more here.
Keywords: great recession; house prices; financial intermediation;
How financial intermediation impacts on financial stability?
Sign Up to like & getrecommendations! Published in 2018 at "Applied Economics Letters"
DOI: 10.1080/13504851.2017.1400647
Abstract: ABSTRACT The great financial crisis widened the role of financial intermediation in financial stability. This study develops a new financial intermediation variable, credit cash flow (CCF), which enables measurement of the net financial flow resulting… read more here.
Keywords: impacts financial; intermediation impacts; intermediation; financial stability ... See more keywords
Power dynamics and spatiality in the financialisation of the city: financial intermediation in local government bonds in China
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DOI: 10.1080/13563467.2025.2506643
Abstract: ABSTRACT This paper investigates financial intermediation in local government bonds (LGBs) in China to understand power dynamics and spatiality. It introduces actor-network theory (ANT) as a framework for enhancing the understanding situated in the financialisation… read more here.
Keywords: actor network; local government; financial intermediation; power ... See more keywords
News and Financial Intermediation in Aggregate Fluctuations
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DOI: 10.1162/rest_a_00612
Abstract: Abstract An important disconnect in the news view of fluctuations is the lack of consistent evidence suggestive of significant macroeconomic effects of news shocks. Findings from estimated DSGE models that in theory allow news shocks… read more here.
Keywords: news shocks; news; news financial; intermediation aggregate ... See more keywords
The cost of financial intermediation in Australia
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DOI: 10.1177/03128962251338330
Abstract: This article finds a negative trend in the unit cost of financial intermediation in Australia. The result is remarkable given the seemingly low competition in the Australian banking system and contrasts the relatively constant costs… read more here.
Keywords: intermediation australia; deposit taking; financial intermediation; cost financial ... See more keywords
Theorising non-bank financial intermediation
Sign Up to like & getrecommendations! Published in 2024 at "Review of Keynesian Economics"
DOI: 10.4337/roke.2024.02.04
Abstract: The expansion of non-bank financial intermediation (NBFI) presents a challenge for monetary theories which emphasise the macroeconomic significance of commercial bank lending. The heterodox literature which has emerged since the 2008 crisis falls roughly into… read more here.
Keywords: non bank; theorising non; financial intermediation; bank ... See more keywords