Geoscience Reference
In-Depth Information
a
Non-risky
Risky
Consumpon
Investment
Net Exports
RGDP
-40000 -20000
0
20000
40000
60000
80000 100000 120000 140000 160000
b
Non-risky
Risky
Real Exchange Rate
Nominal Exchange Rate
-200
-100
0
100
200
300
400
c
Non-risky
Risky
Price Index
Unemployment Rate
Interest Rate*100
-50
-40
-30
-20
-10
0
10
20
Fig. 9.8
(
a
) Aggregate impact of increased bank-led flows.
Source
: Results of model simulations.
(
b
) Impact of increased bank-led flows on the exchange rate.
Source
: Results of model simulations.
(
) Impact of increased bank-led flows on prices, interest rates, and unemployment rate.
Source
:
Results of model simulations
c
