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Business Cycle with Bank Intermediation in Oil Economies
by Hamid R. Tabarraei, Hamed Ghiaie, and Asghar Shahmoradi

Series:Working Paper No. 18/226
ISBN 9781484377727
Code: #WPIEA2018226

Publication year: 2018

Cdn: $27.00; US: $23.50
Paperback
Language: English
38 pages
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The structural model in this paper proposes a micro-founded framework that incorporates an active banking sector with an oil-producing sector. The primary goal of adding a banking sector is to examine the role of an interbank market on shocks, introduce a national development fund and study its link to the banking sector and the government. The government and the national development fund directly play key roles in the propagation of the oil shock. In contrast, the banking sector and the labor market, through perfect substitution between the oil and non-oil sectors, have major indirect impacts in spreading shocks.
Business Cycle with Bank Intermediation in Oil Economies
Cdn: $27.00; US: $23.50
International Monetary Fund (IMF) BookID: 123780 Added: 2018.10.28