摘要翻译：
我们在存量-流量一致模型的背景下研究狭义银行的宏观经济后果。我们首先将Goodwin-Keen模型扩展到包括定期存款、政府票据、现金和中央银行准备金的基础模型，然后用它来描述一个部分准备金银行系统。然后，我们通过对活期存款的全面准备金要求来描述狭义银行业，并描述由此产生的银行业部门的支付系统和贷款功能之间的分离。通过数值算例，我们探讨了该模型的分数保留型和全保留型的性质，并比较了它们的渐近性质。我们发现，当模型收敛到有限均衡时，狭义银行不会导致经济增长的任何损失，同时允许在爆炸性渐近行为的情况下更直接地监测和防止金融崩溃。
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英文标题：
《The Broad Consequences of Narrow Banking》
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作者：
Matheus R Grasselli and Alexander Lipton
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最新提交年份：
2018
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分类信息：

一级分类：Economics        经济学
二级分类：General Economics        一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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一级分类：Quantitative Finance        数量金融学
二级分类：Mathematical Finance        数学金融学
分类描述：Mathematical and analytical methods of finance, including stochastic, probabilistic and functional analysis, algebraic, geometric and other methods
金融的数学和分析方法，包括随机、概率和泛函分析、代数、几何和其他方法
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英文摘要：
  We investigate the macroeconomic consequences of narrow banking in the context of stock-flow consistent models. We begin with an extension of the Goodwin-Keen model incorporating time deposits, government bills, cash, and central bank reserves to the base model with loans and demand deposits and use it to describe a fractional reserve banking system. We then characterize narrow banking by a full reserve requirement on demand deposits and describe the resulting separation between the payment system and lending functions of the resulting banking sector. By way of numerical examples, we explore the properties of fractional and full reserve versions of the model and compare their asymptotic properties. We find that narrow banking does not lead to any loss in economic growth when the models converge to a finite equilibrium, while allowing for more direct monitoring and prevention of financial breakdowns in the case of explosive asymptotic behaviour.
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PDF链接：
https://arxiv.org/pdf/1810.05689