Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis /:
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 betwe...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Körperschaft: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/178. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed July 17, 2012). "Western Hemisphere Department." "July 2012." |
| Beschreibung: | 1 online resource (29 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1475558252 9781475558258 1475505264 9781475505269 1475548419 9781475548419 1475529392 9781475529395 |
Internformat
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| 100 | 1 | |a Adler, Gustavo, |d 1974- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjyjTQKmh6VMbJGh8Ftp6C |0 http://id.loc.gov/authorities/names/no2005009317 | |
| 245 | 1 | 0 | |a Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / |c prepared by Gustavo Adler. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
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| 490 | 1 | |a IMF working paper ; |v WP/12/178 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed July 17, 2012). | ||
| 520 | 3 | |a 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. | |
| 504 | |a Includes bibliographical references. | ||
| 500 | |a "Western Hemisphere Department." | ||
| 500 | |a "July 2012." | ||
| 505 | 0 | |a Cover; Contents; 1. Introduction; 2. Model; 2.1 Households; 2.2 Domestic Financial Intermediaries; 2.3 Firms; 2.4 Government; 2.5 A Competitive Equilibrium; 2.6 A Sustainable Debt Equilibrium; 2.7 A Self-Fulfilling Crisis; 3. Discussion; 3.1 Senior Debt Structure; 3.2 Capital Requirements; 3.3 Public Recapitalization; 4. Conclussions; Figures; 1. Equilibria at Time t; 2. Equilibria with Different Levels of Domestic Debt; 3. Probability of Crisis and Effect on Prices, Private Credit and Output; Appendix; References. | |
| 546 | |a English. | ||
| 650 | 0 | |a Banks and banking |x Econometric models. | |
| 650 | 0 | |a Bank loans |x Econometric models. | |
| 650 | 0 | |a Financial crises |x Econometric models. | |
| 650 | 0 | |a Risk |x Econometric models. | |
| 650 | 0 | |a Debts, Public |x Econometric models. | |
| 650 | 6 | |a Prêts bancaires |x Modèles économétriques. | |
| 650 | 6 | |a Risque |x Modèles économétriques. | |
| 650 | 6 | |a Dettes publiques |x Modèles économétriques. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Bank loans |x Econometric models |2 fast | |
| 650 | 7 | |a Banks and banking |x Econometric models |2 fast | |
| 650 | 7 | |a Debts, Public |x Econometric models |2 fast | |
| 650 | 7 | |a Financial crises |x Econometric models |2 fast | |
| 650 | 7 | |a Risk |x Econometric models |2 fast | |
| 710 | 2 | |a International Monetary Fund. |b Western Hemisphere Department. |0 http://id.loc.gov/authorities/names/n82237138 | |
| 758 | |i has work: |a Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGrM77TDMVtkFR4WbxqWQm |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
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| _version_ | 1816882200659886080 |
| adam_text | |
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| author | Adler, Gustavo, 1974- |
| author_GND | http://id.loc.gov/authorities/names/no2005009317 |
| author_corporate | International Monetary Fund. Western Hemisphere Department |
| author_corporate_role | |
| author_facet | Adler, Gustavo, 1974- International Monetary Fund. Western Hemisphere Department |
| author_role | aut |
| author_sort | Adler, Gustavo, 1974- |
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| callnumber-first | H - Social Science |
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| callnumber-raw | HG3881.5.I58 W67 No. 12/178eb |
| callnumber-search | HG3881.5.I58 W67 No. 12/178eb |
| callnumber-sort | HG 43881.5 I58 W67 NO 212 3178EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBA |
| contents | Cover; Contents; 1. Introduction; 2. Model; 2.1 Households; 2.2 Domestic Financial Intermediaries; 2.3 Firms; 2.4 Government; 2.5 A Competitive Equilibrium; 2.6 A Sustainable Debt Equilibrium; 2.7 A Self-Fulfilling Crisis; 3. Discussion; 3.1 Senior Debt Structure; 3.2 Capital Requirements; 3.3 Public Recapitalization; 4. Conclussions; Figures; 1. Equilibria at Time t; 2. Equilibria with Different Levels of Domestic Debt; 3. Probability of Crisis and Effect on Prices, Private Credit and Output; Appendix; References. |
| ctrlnum | (OCoLC)800131332 |
| dewey-full | 332.152 |
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.152 |
| dewey-search | 332.152 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | ZDB-4-EBA-ocn800131332 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:24:50Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n82237138 |
| isbn | 1475558252 9781475558258 1475505264 9781475505269 1475548419 9781475548419 1475529392 9781475529395 |
| language | English |
| oclc_num | 800131332 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (29 pages) |
| psigel | ZDB-4-EBA |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Adler, Gustavo, 1974- author. https://id.oclc.org/worldcat/entity/E39PCjyjTQKmh6VMbJGh8Ftp6C http://id.loc.gov/authorities/names/no2005009317 Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / prepared by Gustavo Adler. [Washington, D.C.] : International Monetary Fund, ©2012. 1 online resource (29 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 text file rdaft IMF working paper ; WP/12/178 Title from PDF title page (IMF Web site, viewed July 17, 2012). 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. Includes bibliographical references. "Western Hemisphere Department." "July 2012." Cover; Contents; 1. Introduction; 2. Model; 2.1 Households; 2.2 Domestic Financial Intermediaries; 2.3 Firms; 2.4 Government; 2.5 A Competitive Equilibrium; 2.6 A Sustainable Debt Equilibrium; 2.7 A Self-Fulfilling Crisis; 3. Discussion; 3.1 Senior Debt Structure; 3.2 Capital Requirements; 3.3 Public Recapitalization; 4. Conclussions; Figures; 1. Equilibria at Time t; 2. Equilibria with Different Levels of Domestic Debt; 3. Probability of Crisis and Effect on Prices, Private Credit and Output; Appendix; References. English. Banks and banking Econometric models. Bank loans Econometric models. Financial crises Econometric models. Risk Econometric models. Debts, Public Econometric models. Prêts bancaires Modèles économétriques. Risque Modèles économétriques. Dettes publiques Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Bank loans Econometric models fast Banks and banking Econometric models fast Debts, Public Econometric models fast Financial crises Econometric models fast Risk Econometric models fast International Monetary Fund. Western Hemisphere Department. http://id.loc.gov/authorities/names/n82237138 has work: Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis (Text) https://id.oclc.org/worldcat/entity/E39PCGrM77TDMVtkFR4WbxqWQm https://id.oclc.org/worldcat/ontology/hasWork 1-4755-5825-2 1-4755-0526-4 IMF working paper ; WP/12/178. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568166 Volltext |
| spellingShingle | Adler, Gustavo, 1974- Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / IMF working paper ; Cover; Contents; 1. Introduction; 2. Model; 2.1 Households; 2.2 Domestic Financial Intermediaries; 2.3 Firms; 2.4 Government; 2.5 A Competitive Equilibrium; 2.6 A Sustainable Debt Equilibrium; 2.7 A Self-Fulfilling Crisis; 3. Discussion; 3.1 Senior Debt Structure; 3.2 Capital Requirements; 3.3 Public Recapitalization; 4. Conclussions; Figures; 1. Equilibria at Time t; 2. Equilibria with Different Levels of Domestic Debt; 3. Probability of Crisis and Effect on Prices, Private Credit and Output; Appendix; References. Banks and banking Econometric models. Bank loans Econometric models. Financial crises Econometric models. Risk Econometric models. Debts, Public Econometric models. Prêts bancaires Modèles économétriques. Risque Modèles économétriques. Dettes publiques Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Bank loans Econometric models fast Banks and banking Econometric models fast Debts, Public Econometric models fast Financial crises Econometric models fast Risk Econometric models fast |
| title | Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / |
| title_auth | Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / |
| title_exact_search | Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / |
| title_full | Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / prepared by Gustavo Adler. |
| title_fullStr | Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / prepared by Gustavo Adler. |
| title_full_unstemmed | Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / prepared by Gustavo Adler. |
| title_short | Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / |
| title_sort | intertwined sovereign and bank solvencies in a model of self fulfilling crisis |
| topic | Banks and banking Econometric models. Bank loans Econometric models. Financial crises Econometric models. Risk Econometric models. Debts, Public Econometric models. Prêts bancaires Modèles économétriques. Risque Modèles économétriques. Dettes publiques Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Bank loans Econometric models fast Banks and banking Econometric models fast Debts, Public Econometric models fast Financial crises Econometric models fast Risk Econometric models fast |
| topic_facet | Banks and banking Econometric models. Bank loans Econometric models. Financial crises Econometric models. Risk Econometric models. Debts, Public Econometric models. Prêts bancaires Modèles économétriques. Risque Modèles économétriques. Dettes publiques Modèles économétriques. BUSINESS & ECONOMICS Finance. Bank loans Econometric models Banks and banking Econometric models Debts, Public Econometric models Financial crises Econometric models Risk Econometric models |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568166 |
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