Exogenous Shocks, Deposit Runs and Bank Soundness : A Macroeconomic Framework /
In a model where all banks are initially solvent, an exogenous shock affects confidence, causing a flight from deposits into domestic and foreign currency. Real interest rates increase unexpectedly, affecting firms and raising the share of the banks' nonperforming assets. This increase causes g...
| 主要作者: | |
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1997.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1997/091 |
| 在线阅读: | Full text available on IMF |