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Tesi etd-10272022-225536

Tipo di tesi
Corso Ordinario Secondo Livello
Autore
MASSACCESI, EDOARDO
URN
etd-10272022-225536
Titolo
An interconnected financial sector as fuel for innovation and technological imitation: an agent-based endogenous growth model
Struttura
Cl. Sc. Sociali - Scienze Economiche
Corso di studi
SCIENZE ECONOMICHE E MANAGERIALI - SCIENZE ECONOMICHE E MANAGERIALI
Commissione
relatore MINA, ANDREA
Relatore MARIA ENRICA VIRGILLITO
Relatore GIACHINI, DANIELE
Relatore VANDIN, ANDREA
Presidente Prof. PICCALUGA, ANDREA MARIO CUORE
Membro Dott.ssa CANTARELLI, PAOLA
Membro Prof. MONETA, ALESSIO
Membro Prof. FAGIOLO, GIORGIO
Membro Prof. NUVOLARI, ALESSANDRO
Parole chiave
  • Nessuna parola chiave trovata
Data inizio appello
02/12/2022;
Disponibilità
parziale
Riassunto analitico
We expand our Python-programmed replication of Fagiolo et al. (2020) by adding an interbank market. In particular, we allow banks to prevent liquidity shortages by establishing lending relationships with each other. In this way, the banking system becomes more efficient: banks do not run out of liquidity, and overall loans to real sector increase, allowing higher investments in innovation and technological imitation. This can favor economic growth. However, we find that interconnections among banks increase output growth rates volatility.
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