@techreport{20.500.12134/6167,
author = {Arango-Arango, Carlos Alberto},
author = {Valencia-Arana, Oscar Mauricio},
year = {2015},
month = {4},
url = {https://repositorio.banrep.gov.co/handle/20.500.12134/6167},
abstract = {This paper presents a DSGE model with banks that face moral hazard in management. Banks receive demand deposits and fund investment projects. Banks are subject to potential withdrawals by depositors which may force them into early liquidation of their inv},
publisher = {Banco de la República},
booktitle = {Borradores de Economía},
volume = {Borradores de Economía; No. 878},
title = {Macro-prudential policy under moral hazard and financial fragility},
keywords = {DSGE modeling},
keywords = {Financial frictions},
keywords = {Moral hazard},
keywords = {Macro-prudential policies},
doi = {https://doi.org/10.32468/be.878},
}