A Structural Macro Financial Model and Macro Risk Management

Title
A Structural Macro Financial Model and Macro Risk Management
Authors
이상빈
Keywords
Capital; Leverage; Output
Issue Date
2015-06
Publisher
Journal of Investment Management
Citation
Journal of Investment Management:JOIM v.13, no.2, pp.25 - 38
Abstract
This paper provides a structural macro-financial model that can be used for the cost and benefit analysis of alternative financial regulatory regimes. The model solves for the optimal financial sector size to the real aggregate asset (household leverage) and to the aggregate capital (financial leverage) that maximize the expected real output. This paper suggests that macro-risk management is necessary and managing the aggregate capital in the financial sector is important.
URI
https://www.joim.com/a-structural-macro-financial-model-an-macro-risk-management/http://hdl.handle.net/20.500.11754/25710
ISSN
1545-9144
Appears in Collections:
GRADUATE SCHOOL OF BUSINESS[S](경영전문대학원) > ETC
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