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Autore: |
Al-Zein Eza
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Titolo: |
Reserve requirements, the maturity structure of debt, and bank runs / / Eza Al-Zein ; authorized for distribution by Marc Quintyn
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Pubblicazione: | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
©2008 | |
Descrizione fisica: | 1 online resource (28 p.) |
Disciplina: | 332.15 |
Soggetto topico: | Bank reserves - Econometric models |
Banks and banking, Central - Econometric models | |
Bank failures - Econometric models | |
Debts, Public - Econometric models | |
Soggetto genere / forma: | Electronic books. |
Altri autori: |
QuintynMarc
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Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | 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 Requirements |
Reserve 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; References | |
Sommario/riassunto: | The 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- |
Titolo autorizzato: | Reserve requirements, the maturity structure of debt, and bank runs ![]() |
ISBN: | 1-4623-4268-X |
1-4527-9751-X | |
9786612840623 | |
1-282-84062-2 | |
1-4518-6968-1 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910464018703321 |
Lo trovi qui: | Univ. Federico II |
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