What causes banking crises? An empirical investigation for\ud the world economy
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; Ou, Zhirong; Cardiff University;
Publisher: Cardiff University
We add the Bernanke-Gertler-Gilchrist model to a world model consisting of the US, the Euro-zone and the Rest of the World in order to explore the causes of the banking crisis. We test the model against linear-detrended data and reestimate it by indirect inference; the ... View more
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