Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis /

Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis /

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Bibliographic Details
Author / Creator:	Adler, Gustavo, 1974- author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (29 pages)
Language:	English
Series:	IMF working paper ; WP/12/178 IMF working paper ; WP/12/178.
Subject:	Banks and banking -- Econometric models. Bank loans -- Econometric models. Financial crises -- Econometric models. Risk -- Econometric models. Debts, Public -- Econometric models. Bank loans -- Econometric models. Banks and banking -- Econometric models. Debts, Public -- Econometric models. Financial crises -- Econometric models. Risk -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11138427

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Western Hemisphere Department.
ISBN:	1475558252 9781475558258 1475505264 9781475505269 1475548419 9781475548419 9781475505269 9781475548419
Digital file characteristics:	data file
Notes:	Title from PDF title page (IMF Web site, viewed July 17, 2012). "Western Hemisphere Department." "July 2012." Includes bibliographical references.
Summary:	Large fiscal financing needs, both in advanced and emerging market economies, have often been met by borrowing heavily from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure to sovereign risk created a fragile inter-dependence between fiscal and bank solvency. This paper presents a simple model of twin (sovereign and banking) crisis that stresses how this interdependence creates conditions conducive to a self-fulfilling crisis.

Description
Summary:	Large fiscal financing needs, both in advanced and emerging market economies, have often been met by borrowing heavily from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure to sovereign risk created a fragile inter-dependence between fiscal and bank solvency. This paper presents a simple model of twin (sovereign and banking) crisis that stresses how this interdependence creates conditions conducive to a self-fulfilling crisis.
Item Description:	Title from PDF title page (IMF Web site, viewed July 17, 2012). "Western Hemisphere Department." "July 2012."
Physical Description:	1 online resource (29 pages)
Bibliography:	Includes bibliographical references.
ISBN:	1475558252 9781475558258 1475505264 9781475505269 1475548419 9781475548419