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Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis/ prepared by Gustavo Adler. |
| 개인저자 | Adler, Gustavo,1974- author. |
| 단체저자명 | International Monetary Fund. Western Hemisphere Department. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (29 pages). |
| 총서사항 | IMF working paper;WP/12/178 |
| ISBN | 1475558252 9781475558258 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Jul. 17, 2012).
"Western Hemisphere Department." "July 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | Large fiscal financing needs, both in advanced and emerging market economies, have often been met by borrowing heavily from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure to sovereign risk created a fragile inter-dependence between fiscal and bank solvency. This paper presents a simple model of twin (sovereign and banking) crisis that stresses how this interdependence creates conditions conducive to a self-fulfilling crisis. |
| 일반주제명 | Banks and banking --Econometric models. Bank loans --Econometric models. Financial crises --Econometric models. Risk --Econometric models. Debts, Public --Econometric models. BUSINESS & ECONOMICS --Finance. Bank loans --Econometric models. Banks and banking --Econometric models. Debts, Public --Econometric models. Financial crises --Econometric models. Risk --Econometric models. |
| 언어 | 영어 |
| 바로가기 |  |
