Shadow Banking Research

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This project aims to quantify and study the impact of Shadow Banking on interest rates, credit channels and production values of European economies.

Shadow Banking has been a hot topic lately especially for its implication in the systemic contagion of the 2008 liquidity crisis. As a result, the time has come to update existing models in order to be able to anticipate such disasters.

Based on Bernanke-Blinder 1988 scientific paper, we develop a new macroeconomic model by including a Shadow Banking block in the IS-LM-CC equations.

Probably the first paper of its kind to propose such a model and provide a solution to solve a very important issue.

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