International business cycle and financial intermediation
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F19%3A00518290" target="_blank" >RIV/67985998:_____/19:00518290 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1111/jmcb.12580" target="_blank" >https://doi.org/10.1111/jmcb.12580</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/jmcb.12580" target="_blank" >10.1111/jmcb.12580</a>
Alternative languages
Result language
angličtina
Original language name
International business cycle and financial intermediation
Original language description
The paper extends a standard two‐country international real business cycle model to include financial intermediation by banks of loans and government bonds. The paper contributes an explanation for both the United States relative to the Euro‐area, and the United States relative to China, of cross‐country correlations of loan rates, deposit rates, and the loan premia. It shows a type of financial retrenchment for the United States relative to both Europe and China following a negative bank productivity shock, such as during the 2008 crisis. After 2008, results suggest that the Euro‐area has been more financially integrated with the United States, and China less financially integrated.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA13-34096S" target="_blank" >GA13-34096S: Banking, Growth, and Business Cycles: the Role of Shocks, Crises, and Trade</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Money Credit and Banking
ISSN
0022-2879
e-ISSN
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Volume of the periodical
51
Issue of the periodical within the volume
8
Country of publishing house
US - UNITED STATES
Number of pages
11
Pages from-to
2293-2303
UT code for WoS article
000495998800007
EID of the result in the Scopus database
2-s2.0-85075034685