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Reserve requirements, the maturity structure of debt, and bank runs /

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 i...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Al-Zein, Eza Ghassan, 1978- (Autor)
Autor Corporativo: International Monetary Fund
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2008.
©2008
Colección:IMF working paper ; WP/08/108.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Al-Zein, Eza Ghassan,  |d 1978-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjxvpGgTkjmpRg3ykvPB4C 
245 1 0 |a Reserve requirements, the maturity structure of debt, and bank runs /  |c prepared by Eza Al-Zein. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
264 4 |c ©2008 
300 |a 1 online resource (26 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/08/108 
500 |a Available in PDF, ePUB, and Mobi formats on the Internet. 
520 |a 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. 
504 |a Includes bibliographical references. 
505 0 |a 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 
505 8 |a 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 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Bank reserves  |x Econometric models. 
650 0 |a Banks and banking, Central  |x Econometric models. 
650 0 |a Bank failures  |x Econometric models. 
650 0 |a Debts, Public  |x Econometric models. 
650 6 |a Banques  |x Réserves  |x Modèles économétriques. 
650 6 |a Banques centrales  |x Modèles économétriques. 
650 6 |a Banques  |x Faillites  |x Modèles économétriques. 
650 6 |a Dettes publiques  |x Modèles économétriques. 
650 7 |a Bank failures  |x Econometric models  |2 fast 
650 7 |a Bank reserves  |x Econometric models  |2 fast 
650 7 |a Banks and banking, Central  |x Econometric models  |2 fast 
650 7 |a Debts, Public  |x Econometric models  |2 fast 
710 2 |a International Monetary Fund. 
730 0 |a IMF eLibrary. 
758 |i has work:  |a Reserve requirements, the maturity structure of debt, and bank runs (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCG6wTJjxjFJccbbM3htDRq  |4 https://id.oclc.org/worldcat/ontology/hasWork 
830 0 |a IMF working paper ;  |v WP/08/108. 
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