00000000nam 2200000zi 4500
0019.891066
003CaOODSP
00520230928110412
006m     o  d f      
007cr cn|||||||||
008200901t20202020oncd    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|bfre
0861 |aFB3-5/2020-34E-PDF
1001 |aBlattner, Tobias S., |eauthor.
24510|aMonetary policy and cross-border interbank market fragmentation : |blessons from the crisis / |cby Tobias S. Blattner and Jonathan M. Swarbrick.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020.
264 4|c©2020
300 |a1 online resource (ii, 42 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2020-34
500 |aCover title.
500 |a"Last updated: August 27, 2020."
504 |aIncludes bibliographical references (pages 38-42).
5203 |a"We present a two-country model featuring risky lending and cross-border interbank market frictions. We find that (i) the strength of the financial accelerator, when applied to banks operating under uncertainty in an interbank market, will critically depend on the economic and financial structure of the economy; (ii) adverse shocks to the real economy can be the source of banking crisis, causing an increase in interbank funding costs, aggravating the initial shock; and (iii) asset purchases and central bank long-term refinancing operations can be effective substitutes for, or supplements to, conventional monetary policy"--Abstract, page ii.
546 |aIncludes abstract in French.
650 0|aMonetary policy|xEconometric models.
650 0|aBusiness cycles|xMathematical models.
650 0|aInternational finance.
650 6|aPolitique monétaire|xModèles économétriques.
650 6|aFinances internationales.
650 6|aCycles économiques|xModèles mathématiques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2020-34.|w(CaOODSP)9.806221
85640|qPDF|s1.11 MB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-34-eng.pdf