Capital Structures and Portfolio Composition During Banking Crisis : Lessons from Argentina 1995 /

This paper constructs a theoretical framework that rationalizes banks' short- and long-run adjustment dynamics-in portfolio composition and in the capital structure-following a period of financial distress. The model captures stylized facts about banks' behavior following a shock to the ca...

全面介紹

書目詳細資料
主要作者: Ramos, Alberto
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 1998.
叢編:IMF Working Papers; Working Paper ; No. 1998/121
在線閱讀:Full text available on IMF
LEADER 01771cas a2200241 a 4500
001 AALejournalIMF000698
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451854350 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Ramos, Alberto. 
245 1 0 |a Capital Structures and Portfolio Composition During Banking Crisis :   |b Lessons from Argentina 1995 /  |c Alberto Ramos. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (54 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper constructs a theoretical framework that rationalizes banks' short- and long-run adjustment dynamics-in portfolio composition and in the capital structure-following a period of financial distress. The model captures stylized facts about banks' behavior following a shock to the capital base-namely, the rush to liquidity and credit crunch. Bank panel data show that Argentine domestic retail banks underwent a period of adjustment of six quarters following the Mexican devaluation crisis, reducing their risk-exposure since, owing to bank capital scarcity, depositors became less prone to tolerate bank default risk. Foreign-owned banks suffered a milder shock and adjusted immediately. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/121 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/121/001.1998.issue-121-en.xml  |z IMF e-Library