Concept
Financial system
Related publications (4)
The Time‐Varying Price of Financial Intermediation in the Mortgage Market
We introduce a new measure of the price charged by financial intermediaries for con-necting mortgage borrowers with capital market investors. Based on administrativelender pricing data, we document that the price of intermediation reacts stronglyto variatio ...
2024Greening the Swiss National Bank's Portfolio
Rüdiger Fahlenbrach, Eric Jondeau
Central banks are increasingly concerned about climate-related risks and want to ensure that the financial system is resilient to them. As they integrate these risks into financial stability monitoring, they also discuss how to apply environmental criteria ...
OXFORD UNIV PRESS2023Financial Frictions within the Macroeconomy
Financial factors are central to the recent economic crisis. Most macroeconomic models treat banks and financial intermediation as a veil. These models are unable to account for the recent financial crisis and they cannot be used for policy evaluation. Fin ...
EPFL2014