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 genuine solvency problems and accelerates the bank run

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Year of publication:	[2008]
Authors:	Blejer, Mario I.
Other Persons:	Feldman, Ernesto V. (contributor) ; Feltenstein, Andrew (contributor)
Publisher:	[2008]: [S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Notes:	Volltext nicht verfügbar
Classification:	D58 - Computable and Other Applied General Equilibrium Models ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012775080