Banking networks and the circuit theory of money


We consider a network of interconnected banks coupled with a macroeconomic model. The key feature of the model is that money is created endogenously to satisfy the demand for loans and deposits of the other economic agents.... [ view full abstract ]


  1. Matheus Grasselli (McMaster University)
  2. Alexander Lipton (Stronghold Labs)

Topic Areas

Capital Requirements , Macroeconomics , Systemic Risk


FR-A-EM » Systemic Risk: Network Models (10:00 - Friday, 20th July, Emmet)

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