… with Bayesian methods to fit Mexico's business cycle and financial crisis history since 1981.
… to capture debt overhang or financial intermediation disruptions that drive the classification …

… financial intermediary risk level in terms of its participation in shadow schemes and the phases
of the economic cycle as a catalyst for the economic … distinctive Markov switching models …

… This paper analyses the dynamics of financial deepening and the volatility of business
cycle in the United Arab of Emirates (UAE). We use cointegration tests of regime-shift with one …

… , banks play a vital role in the financial and economic cycle. A report from the IFSB stated
that Islamic banking has more than 70% of assets of the entire financial sector (IFSB, 2020). …

… In addition to the literatures on international business cycles and closed economy macro
models with financial intermediation, this paper contributes to three other literatures. First, since …

… financial intermediation and capital reallocation, we develop a financial intermediation …
shocks and credit transactions must be intermediated. Because of the heterogeneity in productivity…

… The economic cycle measures the ratio of the deviation of real gross domestic product (GDP)
to potential GDP obtained via the Hodrick–Prescott filter on the potential level of real GDP …

We integrate bank and bond financing into a two-sector neoclassical growth model and identify
an automatic stabilization effect due to endogenous bank leverage adjustment. We show …

… in respect of the core role that these markets play in financial intermediation. In addition, the
… characterizing the cycle through an analysis of financial and business cycle synchronization …

… favorable loan terms and the high costs of switching lenders. This mainly implies that
relationship bankers efficiently use client information to provide effective financial intermediation. …