03653nam 2200685 450 991046401870332120170817212619.01-4623-4268-X1-4527-9751-X97866128406231-282-84062-21-4518-6968-1(CKB)3170000000055000(EBL)1607837(SSID)ssj0000943051(PQKBManifestationID)11593661(PQKBTitleCode)TC0000943051(PQKBWorkID)10974773(PQKB)10657397(OCoLC)815735892(MiAaPQ)EBC1607837(EXLCZ)99317000000005500020140227h20082008 uy 0engur|n|---|||||txtccrReserve requirements, the maturity structure of debt, and bank runs /Eza Al-Zein ; authorized for distribution by Marc Quintyn[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (28 p.)IMF Working PapersIMF working paper ;WP/08/108Description based upon print version of record.1-4519-1422-9 Includes bibliographical references.Contents; I. Introduction; II. Motivation and Literature; III. The Model; A. The Domestic Economy; B. Date-Specific and Maturity-Specific Reserve Requirements; C. The Lenders' Problem; D. Defining the Equilibrium; Figures; 1. Structure of the Model; IV. The Emergence of Bank Runs; A. The Emergence of Bank Runs in the Setup Without Reserve Requirements; Defining the Illiquidity Condition; 2. Decision Tree at t=1 Summarizes How a Bank Run Would Occur.; B. Can Reserve Requirements Prevent the Occurrence of a Bank Run?; Illiquidity Conditions with Reserve RequirementsReserve Requirements and Market FailureC. International Lending After the Bank Runs: Are International Lenders "Throwing Good Money After Bad Money"?; International Re-Optimization Problem; V. Discussion; Sunspot and Bank Run Probability; Incentive to Form a Bank; VI. Conclusion; Appendix; ReferencesThe paper looks at the relationship between reserve requirements and the choice of the maturity structure of external debt in a general equilibrium setup, by incorporating the role of international lenders. A date- and maturity-specific reserve requirement is a fraction of the debt to be deposited in a non-interest bearing account at the central bank. At maturity, the central bank returns the reserves. There exist some specific combinations of date- and maturity-specific reserve requirements that reduce the vulnerability to bank runs. In such setup, lenders may still want to provide new short-IMF Working PapersBank reservesEconometric modelsBanks and banking, CentralEconometric modelsBank failuresEconometric modelsDebts, PublicEconometric modelsElectronic books.Bank reservesEconometric models.Banks and banking, CentralEconometric models.Bank failuresEconometric models.Debts, PublicEconometric models.332.15Al-Zein Eza979717Quintyn Marc247373MiAaPQMiAaPQMiAaPQBOOK9910464018703321Reserve requirements, the maturity structure of debt, and bank runs2234363UNINA00865nam0-22002891i-450 99000421109040332120240711131721.0000421109FED01000421109(Aleph)000421109FED0100042110919990604d1903----km-y0itay50------baengy-------001c-<<The >>poetical worksof Dante Gabriel Rossettiedited with preface by William M. RossettiN. ed.LondonEllis and Elvey1903XXXI, 380 p.20 cmRossetti,Gabriele<1783-1854>152496Rossetti,William Michael<1829-1919>ITUNINARICAUNIMARCBK990004211090403321P.3 BR.C.0136Bibl.32370FLFBCFLFBCPoetical works483769UNINA