Cross-Border Credit Intermediation and Domestic Liquidity Provision in a Small Open Economy /

This paper develops a small open economy model where global and domestic liquidity is intermediated to the corporate sector through two financial processes. Investment banks intermediate cross-border credit through interlinked debt contracts to entrepreneurs and commercial banks intermediate domesti...

Descrición completa

Detalles Bibliográficos
Autor Principal: Olafsson, Thorvardur Tjoervi
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; No. 2018/202
Acceso en liña:Full text available on IMF