Titelaufnahme

Titel
Banking, liquidity and bank runs: replication and analysis of the solution method of Gertler/Kiyotaki (2015) / von Nikola Grga
VerfasserGrga, Nikola
Begutachter / BegutachterinReiter, Michael
ErschienenWien, 2016
Umfangv, 25 Blätter : Diagramme
HochschulschriftTechnische Universität Wien, Univ., Master Thesis, 2016
HochschulschriftIHS Wien, Univ., Master Thesis, 2016
SpracheEnglisch
DokumenttypMasterarbeit
Schlagwörter (EN)macroeconomics / bank runs / replication
URNurn:nbn:at:at-ubtuw:1-5759 Persistent Identifier (URN)
Zugriffsbeschränkung
 Das Werk ist frei verfügbar
Dateien
Banking, liquidity and bank runs: replication and analysis of the solution method of Gertler/Kiyotaki (2015) [0.68 mb]
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Zusammenfassung (Englisch)

The paper of Gertler and Kiyotaki (2015a) is important step forward in the modeling of financial sector in macroeconomic models, because it combines financial accelerator mechanism with the bank runs, two phenomena observed in the last economic crisis. Therefore, aim of the paper is to replicate the results of the Gertler and Kiyotaki (2015a) in order to check their validity. Also the procedure for solving the model is rewritten in order to be precise, conceptually clear and easy to follow. For the replication, the numerical solver based on the quasi-Newton method is used. The results of the replication confirms the results of the Gertler and Kiyotaki (2015a). The model should be further developed in order to incorporate more complex banking sector that includes commercial banks.