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Please use this identifier to cite or link to this item: http://hdl.handle.net/2108/155

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contributor.authorBrighi, Paola-
date.accessioned2005-12-01T11:30:47Z-
date.available2005-12-01T11:30:47Z-
date.issued2001-03-
identifier.urihttp://hdl.handle.net/2108/155-
description.abstractIn 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.en
format.extent118168 bytes-
format.mimetypeapplication/pdf-
language.isoenen
publisherCEISen
relation.ispartofseriesQuaderni CEIS; 142-
subject.classificationSECS-P/11; Economia degli intermediari finanziarien
titleInterbank exchanges, liquidity management and banking crisesen
typeArticleen
subject.jelE52; Monetary policy (targets, instruments, and effects)en
subject.jelG21; Banks, other depository institutions, mortgagesen
Appears in Collections:Quaderni

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