The Eastern Caribbean Central Bank : challenges to an effective lender of last resort / / Mario Dehesa and Pablo Druck ; authorized for distribution by Paul Cashin
(Visualizza in formato marc)
(Visualizza in BIBFRAME)
| Autore: |
Dehesa M (Mario)
|
| Titolo: |
The Eastern Caribbean Central Bank : challenges to an effective lender of last resort / / Mario Dehesa and Pablo Druck ; authorized for distribution by Paul Cashin
|
| Pubblicazione: | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
| ©2008 | |
| Descrizione fisica: | 1 online resource (20 p.) |
| Disciplina: | 332.11 |
| Soggetto topico: | Lenders of last resort - Caribbean Area - Econometric models |
| Banks and banking - Caribbean Area - Econometric models | |
| Financial crises - Caribbean Area - Econometric models | |
| Soggetto genere / forma: | Electronic books. |
| Altri autori: |
DruckPablo
CashinPaul
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; I. Introduction; II. The LOLR Facility and its Monetary Effects; III. The ECCB's Institutional Architecture; IV. The Model; Tables; 1. Numerical Simulation of the Liquidity Assistance Model (Two Countries); Box; 1. The CFA Franc Arrangement; V. Conclusions; 2. Liquidity Assistance Model-Including Foreign Credit Line (FCL) (Two Countries); References |
| Sommario/riassunto: | The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last resort (LOLR) as part of a modern banking crisis resolution framework. The main results from the theoretical model of the ECCB's institutional arrangement are that the majority of currency union members may veto emergency lending in the case of a member-specific shock, as such lending may endanger the stability of the currency board (by lowering the central bank's international reserves, thus raising devaluation risk). However, in the presence of contagion across countries, all cur |
| Titolo autorizzato: | The Eastern Caribbean Central Bank |
| ISBN: | 1-4623-8404-8 |
| 1-4527-0770-7 | |
| 1-4518-7072-8 | |
| 1-282-84165-3 | |
| 9786612841651 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910463624603321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers