MODERN MONETARY CIRCUIT THEORY, STABILITY OF INTERCONNECTED BANKING NETWORK, AND BALANCE SHEET OPTIMIZATION FOR INDIVIDUAL BANKS

DOI10.1142/S0219024916500345zbMath1396.91791arXiv1510.07608OpenAlexW2963715400MaRDI QIDQ2828054

Alexander Lipton-Lifschitz

Publication date: 24 October 2016

Published in: International Journal of Theoretical and Applied Finance (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1510.07608

zbMATH Keywords

fractional reserve bankingbalance sheet optimizationcredit creation bankingfinancial inter mediation bankinginterconnected banking networkKeen equationsmodern monetary circuit

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Credit risk (91G40)

Related Items (8)

A maximum principle for a stochastic control problem with multiple random terminal times ⋮ A lending scheme for a system of interconnected banks with probabilistic constraints of failure ⋮ OLD PROBLEMS, CLASSICAL METHODS, NEW SOLUTIONS ⋮ Short Communication: Dynamic Default Contagion in Heterogeneous Interbank Systems ⋮ Transition Probability of Brownian Motion in the Octant and its Application to Default Modelling ⋮ Panel data modeling of bank deposits ⋮ THE BROAD CONSEQUENCES OF NARROW BANKING ⋮ Semi-analytical solution of a McKean–Vlasov equation with feedback through hitting a boundary

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