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Title:Credit Market Competition and Liquidity Crises Author(s):CARLETTI, Elena
; LEONELLO, AgneseDate:2012Type:Working PaperSeries/Number:EUI ECO; 2012/14Abstract:We develop a two-period model where banks invest in reserves and loans, and are subject to aggregate liquidity shocks. When banks face a a shortage of liquidity, they can sell loans on the interbank market. Two types of ...
; LEONELLO, AgneseDate:2012Type:Working PaperSeries/Number:EUI ECO; 2012/14Abstract:We develop a two-period model where banks invest in reserves and loans, and are subject to aggregate liquidity shocks. When banks face a a shortage of liquidity, they can sell loans on the interbank market. Two types of ...