Reserve Requirements, the Maturity Structure of Debt, and Bank Runs / / Eza Ghassan Al-Zein
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| Autore: |
Al-Zein Eza Ghassan
|
| Titolo: |
Reserve Requirements, the Maturity Structure of Debt, and Bank Runs / / Eza Ghassan Al-Zein
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 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 | |
| Banks and Banking | |
| Exports and Imports | |
| Investments: Bonds | |
| Money and Monetary Policy | |
| Monetary Policy | |
| Banks | |
| Depository Institutions | |
| Micro Finance Institutions | |
| Mortgages | |
| International Investment | |
| Long-term Capital Movements | |
| General Financial Markets: General (includes Measurement and Data) | |
| Interest Rates: Determination, Term Structure, and Effects | |
| Monetary economics | |
| Banking | |
| International economics | |
| Investment & securities | |
| Finance | |
| Reserve requirements | |
| Capital controls | |
| Bonds | |
| Real interest rates | |
| Monetary policy | |
| Banks and banking | |
| Capital movements | |
| Interest rates | |
| Soggetto geografico: | Chile |
| 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-term lending to the bank after a bank run. |
| 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.: | 9910788240303321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2008/108