Reserve requirements, the maturity structure of debt, and bank runs /
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| Author / Creator: | Al-Zein, Eza Ghassan, 1978- author. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, 2008. ©2008 |
| Description: | 1 online resource (26 pages) |
| Language: | English |
| Series: | IMF working paper ; WP/08/108 IMF working paper ; WP/08/108. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12501072 |
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| 100 | 1 | |a Al-Zein, Eza Ghassan, |d 1978- |e author. |0 http://id.loc.gov/authorities/names/no2008115909 | |
| 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 | |
| 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 |0 (OCoLC)fst00826659 | |
| 650 | 7 | |a Bank reserves |x Econometric models. |2 fast |0 (OCoLC)fst00826778 | |
| 650 | 7 | |a Banks and banking, Central |x Econometric models. |2 fast |0 (OCoLC)fst00827041 | |
| 650 | 7 | |a Debts, Public |x Econometric models. |2 fast |0 (OCoLC)fst00888859 | |
| 655 | 0 | |a Electronic books. | |
| 655 | 4 | |a Electronic books. | |
| 730 | 0 | |a IMF eLibrary. | |
| 710 | 2 | |a International Monetary Fund. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 830 | 0 | |a IMF working paper ; |v WP/08/108. |0 http://id.loc.gov/authorities/names/no89010263 | |
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