Azimi, A. and Gilak Hakimabadi, H. (2019). Investigating the impact of the
shadow banking system in Iran's economy. Master's Thesis of Economic
Sciences, Mazandaran University (In Persian).
Bernanke, B. S., M. Gertler, and S. Gilchrist: 1999, 'The financial accelerator in
a quantitative business cycle framework'. In: J. B. Taylor and M. Woodford
(eds.): Handbook of Macroeconomics, Vol. 1. Elsevier, Chapt. 21, pp.
1341_1393.
Chen, Z., He, Z., & Liu, C. (2018a). The financing of local government in the
People's Republic of China: stimulus loan wanes and shadow banking waxes.
In: ADBI Working Paper No. 800. Asian Development Bank Institute,
Tokyo. http://dx.doi.org/10.2139/ssrn.3140074
Chen, K., Ren, J., & Zha, T. (2018b). The nexus of monetary policy and shadow
banking in China. American Economic Review, 108 (12), 3891-3936.
http://dx.doi.org/10.1257/aer.`20170133
Christiano, L. J., R. Motto, and M. Rostagno: 2003, 'The Great Depression and
the Friedman-Schwartz Hypothesis'. Journal of Money, Credit, and Banking
35(6 – part 2), 1119_1197.
Christiano, L., Motto, R., & Rostagno, M. (2008). Shocks, structures or monetary
policies? The Euro Area and US after 2001. Journal of Economic Dynamics
and control, 32(8), 2476-2506.
Funke, Michael, Mihaylovskim Petar and Zhu ,Haibin (2015) Monetary policy
trans-mission in China: A DSGE model with parallel shadow banking and
Makipour et al., Iranian Journal of Economic Studies, 12(1) 20223, 51-68 67
interest rate control. BOFIT Discussion Papers 9/20159.3.2015 .
ttp://www.bof.fi/bofit.
Gerali, A., Neri, S., Sessa, L., & Signoretti, F. M. (2010). Credit and Banking in
a DSGE Model of the Euro Area. Journal of money, Credit and Banking, 42,
107-141.
Gertler, M., & Sala, L., & Trigari, A. (2007). “An Estimated Monetary DSGE
Model with Unemployment and Staggered Nominal Wage Bargaining”, No
341, Working Papers from IGIER (Innocenzo Gasparini Institute for
Economic Research), Bocconi University.
https://repec.unibocconi.it/igier/igi/wp/2008/341.pdf (application/pdf)
Gertler M and Kiyotaki N.. Financial Intermediation and Credit Policy in
Business Cycle. Analysis. In B. M. Friedman and M. Woodford, editors,
Handbook of Monetary Economics, volume 3 of Handbook of Monetary
Economics, chapter 11, pages 547(599. Elsevier, January 2010)
Goodfriend, M. and B. T. McCallum: 2007, 'Banking and interest rates in
monetary policy analysis: A quantitative exploration'. Journal of Monetary
Economics 54(5), 1480_1507.
Iacoviello, M.: 2005, 'House Prices, Borrowing Constraints, and Monetary Policy
in the Business Cycle'. American Economic Review 95(3), 739_764.
Kiyotaki, Nobuhiro & Moore, John (1997). "Credit Cycles". Journal of Political
Economy. 105 (2): 211–248. doi:10.1086/262072
Kobayashi, T.: 2008, 'Incomplete Interest Rate Pass-Through and Optimal
Monetary Policy'. International Journal of Central Banking 4(3), 77_118.
Liu Yang , S. van Wijnbergen , Xiaotong Qi , Yuhuan Yi (2019). Chinese
shadow banking, financial regulation and effectiveness of
monetarypolicyPacific-Basin Finance Journal Volume 57, October 2019,
101169. https://doi.org/10.1016/j.pacfin.2019.06.016
Mazelis, F. (2016). Implications of shadow bank regulation for monetary policy
at the zero lower bound. SFB 649 Discussion Papers. No.SFB649DP2016-
043, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
Meh, C. A. and K. Moran: 2010, 'The role of bank capital in the propagation of
shocks'. Journal of Economic Dynamics & Control 34(3), 555_576.
Nelson, B., Gabor, P., & Konstantinos, T. (2018). Do contractionary monetary
policy shocks expand shadow banking? Journal of Applied Econometrics.
33, 198-211. http://dx.doi.org/10.1002/jae.2594
Smets, F., & Wouters, R. (2003). An estimated dynamic stochastic general
equilibrium model of the Euro area. Journal of the European Economic
Association,1(5),1123-1175.
Smets, R, & Wouters, M. (2007). "Shocks and frictions in US business cycles: A
Bayesian DSGE approach, The American Economic Review, vol.97, No.3.
Sun, S., & Gan, C., & Hu, B. (2012). “Evaluating McCallum Rule as a Policy
Guideline for China”, Journal of the Asia Pacific Economy, 17(3).
Van den Heuvel, S. J. (2008). The welfare cost of bank capital
requirements. Journal of Monetary Economics, 55(2), 298-320.
68 Makipour et al., Iranian Journal of Economic Studies, 12(1) 20223, 51-68
Walque, G., Pierrard, O., & Rouabah, A. (2010). Financial (in) stability,
supervision and liquidity injections: a dynamic general equilibrium
approach. The Economic Journal, 120(549), 1234-1261.
Woodford, M. (2003) Interest and Prices: Foundations of a Theory of Monetary
Policy. Princeton University Press, Princeton.
Zarei,M & Esfandiari, M & Mirjalili, H. (2020). Analyzing the effects of shadow
banking in affecting monetary policy: evidence of some G-20 countries,
Money and Banking research, 13, 46
