Banking Policy and the Pricing of Deposit Guarantees : A New Approach /
This paper describes a new approach to pricing government deposit guarantees that uses techniques of stochastic process switching employed in the recent literature on exchange rate determination. Our model avoids inconsistent assumptions about the information available to investors and the governmen...
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Formaat: | Tijdschrift |
Taal: | English |
Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1991.
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Reeks: | IMF Working Papers; Working Paper ;
No. 1991/131 |
Online toegang: | Full text available on IMF |