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The propagation of U.S. shocks to Canada: Understanding the role of real financial linkages

This paper examines the role of financial frictions in affecting the transmission of U.S. real and financial shocks to Canada using a dynamic stochastic general-equilibrium model with an active banking sector and financial frictions. We find that the U.S. banking and interbank markets can be a... Full description

1st Person: Beaton, Kimberly
Additional Persons: Lalonde, René verfasserin; Snudden, Stephen verfasserin
Source: in The Canadian journal of economics : the journal of the Canadian Economics Association Vol. 47, No. 2 (2014), p. 466-493
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Type of Publication: Article
Language: English
Published: 2014
Keywords: research-article
Online: Volltext
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