01758cas a2200265 a 4500 AALejournalIMF018792 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484377727 1018-5941 BD-DhAAL BD-DhAAL Tabarraei, Hamid. Business Cycle with Bank Intermediation in Oil Economies / Hamid Tabarraei, Hamed Ghiaie, Asghar Shahmoradi. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The structural model in this paper proposes a micro-founded framework that incorporates an active banking sector with an oil-producing sector. The primary goal of adding a banking sector is to examine the role of an interbank market on shocks, introduce a national development fund and study its link to the banking sector and the government. The government and the national development fund directly play key roles in the propagation of the oil shock. In contrast, the banking sector and the labor market, through perfect substitution between the oil and non-oil sectors, have major indirect impacts in spreading shocks. Mode of access: Internet Ghiaie, Hamed. Shahmoradi, Asghar. IMF Working Papers; Working Paper ; No. 2018/999 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/999/001.2018.issue-999-en.xml IMF e-Library