Reserve Requirements, the Maturity Structure of Debt, and Bank Runs

The paper looks at the relationship between reserve requirements and the choice of the maturity structure of external debt in a general equilibrium setup, by incorporating the role of international lenders. A date- and maturity-specific reserve requirement is a fraction of the debt to be deposited i...

Full description

Bibliographic Details
Main Author: Al-Zein, Eza Ghassan
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02439nmm a2200553 u 4500
001 EB000929633
003 EBX01000000000000000723229
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451869682 
100 1 |a Al-Zein, Eza Ghassan 
245 0 0 |a Reserve Requirements, the Maturity Structure of Debt, and Bank Runs  |c Eza Ghassan Al-Zein 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2008 
300 |a 26 pages 
651 4 |a Chile 
653 |a Depository Institutions 
653 |a Interest rates 
653 |a Banks 
653 |a Finance 
653 |a Banks and banking 
653 |a Reserve requirements 
653 |a Monetary economics 
653 |a Real interest rates 
653 |a Micro Finance Institutions 
653 |a Long-term Capital Movements 
653 |a Exports and Imports 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Mortgages 
653 |a Investments: Bonds 
653 |a International economics 
653 |a Bonds 
653 |a Banks and Banking 
653 |a Capital controls 
653 |a Monetary policy 
653 |a Banking 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Capital movements 
653 |a Investment & securities 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a International Investment 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451869682.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2008/108/001.2008.issue-108-en.xml?cid=21883-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The paper looks at the relationship between reserve requirements and the choice of the maturity structure of external debt in a general equilibrium setup, by incorporating the role of international lenders. A date- and maturity-specific reserve requirement is a fraction of the debt to be deposited in a non-interest bearing account at the central bank. At maturity, the central bank returns the reserves. There exist some specific combinations of date- and maturity-specific reserve requirements that reduce the vulnerability to bank runs. In such setup, lenders may still want to provide new short-term lending to the bank after a bank run