Read Managing Systemic Liquidity Risk in Financially Dollarized Economies

Managing Systemic Liquidity Risk in Financially Dollarized Economies

Miguel A. Kiguel

4.9/5 (24922 ratings)

Description:This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of available (private or official) insurance schemes, and the distortions introduced by central bank lending of last resort (LOLR), the authors favor decentralized liquid foreign asset requirements on dollar deposits, supplemented by a scheme of "circuit breakers." The latter combines the use of limited dollar liquidity to ensure the convertibility of transactional deposits with a mechanism that automatically limits the convertibility of dollar term deposits once triggered by a predetermined decline in banks' liquidity.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Managing Systemic Liquidity Risk in Financially Dollarized Economies. To get started finding Managing Systemic Liquidity Risk in Financially Dollarized Economies, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 32

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2005

ISBN: 6613825069

Description: This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of available (private or official) insurance schemes, and the distortions introduced by central bank lending of last resort (LOLR), the authors favor decentralized liquid foreign asset requirements on dollar deposits, supplemented by a scheme of "circuit breakers." The latter combines the use of limited dollar liquidity to ensure the convertibility of transactional deposits with a mechanism that automatically limits the convertibility of dollar term deposits once triggered by a predetermined decline in banks' liquidity.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Managing Systemic Liquidity Risk in Financially Dollarized Economies. To get started finding Managing Systemic Liquidity Risk in Financially Dollarized Economies, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Managing Systemic Liquidity Risk in Financially Dollarized Economies

Managing Systemic Liquidity Risk in Financially Dollarized Economies

More Books

Las crisis económicas argentinas: Una historia de ajustes y desajustes (Spanish Edition)

Las crisis económicas argentinas: Una historia de ajustes y desajustes (Spanish Edition)

Seigniorage and inflation: the case of Argentina.: An article from: Journal of Money, Credit & Banking

Seigniorage and inflation: the case of Argentina.: An article from: Journal of Money, Credit & Banking

Seigniorage and inflation: The case of Argentina (USC economics-Arthur Andersen working paper series)

Seigniorage and inflation: The case of Argentina (USC economics-Arthur Andersen working paper series)

Parallel Exchange Rates in Developing Countries

Parallel Exchange Rates in Developing Countries

The business cycle associated with exchange-rate-based stabilization

The business cycle associated with exchange-rate-based stabilization

Stopping three big inflations (Argentina, Brazil, and Peru) (Policy research working papers)

Stopping three big inflations (Argentina, Brazil, and Peru) (Policy research working papers)

Devaluation in low inflation economies (Policy research working paper)

Devaluation in low inflation economies (Policy research working paper)

Inflation in Argentina: Stop and go since the Austral plan (Policy, planning, and research working papers)

Inflation in Argentina: Stop and go since the Austral plan (Policy, planning, and research working papers)