Shadow Banking Research

163

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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