Journal article icon

Journal article

A Time Series Analysis of Financial Fragility in the UK Banking System

Abstract:
This paper extends the model proposed by Goodhart, Sunirand, and Tsomocos (2003,2004a, b) to an infinite horizon setting. Thus, we are able to assess how the model conforms with the time series data of the U.K. banking system. We conclude that, since the model performs satisfactorily, it can be readily used to assess financial fragility given its flexibility, computability, and the presence of multiple contagion channels and heterogeneous banks and investors.

Actions


Authors


Publication date:
2006-01-01
URN:
uuid:f1ab19c9-91c2-4468-aca9-e58ff6f55288
Local pid:
oai:eureka.sbs.ox.ac.uk:1862

Terms of use


Metrics


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP