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

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

Saved in:
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.

Similar Items

Similar Items