Financial institutions, financial contagion, and financial crises /

Financial institutions, financial contagion, and financial crises /

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Bibliographic Details
Author / Creator:	Huang, Haizhou, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Monetary and Echange Affairs and Research Departments, 2000. ©2000
Description:	1 online resource (32 pages).
Language:	English
Series:	IMF working paper ; WP/00/92 IMF working paper ; WP/00/92.
Subject:	Financial institutions -- Econometric models. Contagion (Social psychology) -- Econometric models. Financial crises -- Econometric models. Lenders of last resort -- Econometric models. Equilibrium (Economics) -- Econometric models. Liquidity (Economics) -- Econometric models. Banks and banking -- Econometric models. Banks and banking -- Econometric models. Equilibrium (Economics) -- Econometric models. Financial crises -- Econometric models. Financial institutions -- Econometric models. Liquidity (Economics) -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496684

Hidden Bibliographic Details
Other authors / contributors:	Xu, Chenggang, author. International Monetary Fund. Monetary and Exchange Affairs Department, issuing body. International Monetary Fund. Research Department, issuing body.
ISBN:	1451897413 9781451897418 1281266019 9781281266019 1462360041 9781462360048 1452772444 9781452772448 9786613778239 6613778230
ISSN:	2227-8885
Notes:	Includes bibliographical references (pages 30-32). Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	It has been documented that financial crises often accompany problems in financial institutions, probably at some specific stages of development. The recent financial crises in Japan and Korea, and the major financial crises in Europe and America in the late 1920s and in earlier times, are some examples. This paper develops a theory which endogenizes financial crises through institutions related to the corporate sector and the interbank market. The basic idea is that different ways of financing corporate investment projects may affect the nature of bankruptcy in failing projects. This in turn affects information in the interbank market. For financial institutions unable to commit to liquidate bad projects, there will be informational problems between entrepreneurs and banks, which will cause informational problems among banks in the interbank market. Severe information problems in the interbank market can lead to a market failure, which creates conditions for a financial crisis.
Other form:	Print version: Huang, Haizhou. Financial institutions, financial contagion, and financial crises. [Washington, D.C.] : International Monetary Fund, Monetary and Echange Affairs and Research Departments, ©2000
Standard no.:	10.5089/9781451897418.001