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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| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2008.
©2008 |
| Series: | IMF working paper ;
WP/08/108. |
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |
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. | ||
| 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 | |
| 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. | ||
| 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. | |
| 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 | ||
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