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- W2708946204 abstract "The goal of this research project is to examine the relationship which governs the macroeconomic system and the baking sector. A special attention is given to a significant potential feedback effect of bank fee-based activities on economy and stock market activities. Based on three decades of U.S. and Canada data, I analyze both the cyclicality and procyclicality between the macroeconomic system and the baking system. A vector autoregressive (VAR) model is employed and the results suggest that the banking system shocks indeed affect the real economy side (feedback effect). The main finding relies on the use of the local projection approach proposed by Jorda (2005) to compute the impulse response function (IRF)." @default.
- W2708946204 created "2017-06-30" @default.
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- W2708946204 date "2016-09-01" @default.
- W2708946204 modified "2023-09-27" @default.
- W2708946204 title "Relationship between the real economy and the banking sector: U.S. and Canada evidence" @default.
- W2708946204 hasPublicationYear "2016" @default.
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