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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

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