|
DSpace - Tor Vergata >
Facoltà di Economia >
CEIS - Centre for International Studies on Economic Growth >
Quaderni >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/2108/155
|
| Title: | Interbank exchanges, liquidity management and banking crises |
| Authors: | Brighi, Paola |
| Issue Date: | Mar-2001 |
| Publisher: | CEIS |
| Series/Report no.: | Quaderni CEIS; 142 |
| Abstract: | In this paper, we show that abandoning the Diamond and Dybvig hypothesis of a unique bank representing the entire banking system gives rise to the possibility of endogenizing the interbank exchanges. In a system characterized by uncertainty regarding the moment of withdrawal of deposits, access to interbank liquidity decreases the bank risk of failure and bank runs. The possibility, moreover, to invest excess liquidity in the interbank market at a positive interest rate increases expected bank profits. |
| URI: | http://hdl.handle.net/2108/155 |
| Appears in Collections: | Quaderni
|
Files in This Item:
| File |
Description |
Size | Format |
|---|
| 142.PDF | | 115Kb | Adobe PDF | View/Open |
|
Show full item record
All items in DSpace are protected by copyright, with all rights reserved.
|
