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Christian Calmes, author
We analyze the impact of universal banking on the real economy, by comparing the performance of a benchmark linear VAR model with a nonlinear projection process (Jordà, 2005) which tracks shocks asymmetries. We divide bank shocks into two categories—i.e., credit (loans) and fee-based shocks—and show that, based on U.S. data,...
Amsterdam: Elsevier, 2020
658.15 BIR 20:2 (2020)
Artikel Jurnal  Universitas Indonesia Library