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Banks, Maturity Mismatches and Liquidity Crises: A Simple Model

Rajan, RS and Bird, G (2003) Banks, Maturity Mismatches and Liquidity Crises: A Simple Model Economia Internazionale / International Economics, 56 (2). pp. 185-192.

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Abstract

In determining the maturity structure of bank loans in the presence of pre-determined short-term international liabilities, we show that maturity mismatches in banks’ balance sheets are fully consistent with the assumption of banks acting as self-interested, optimising agents. Although often attributed to the moral hazard associated with safety nets, the analysis shows that financial crises can occur in their absence.

Item Type: Article
Authors :
NameEmailORCID
Rajan, RSUNSPECIFIEDUNSPECIFIED
Bird, Gg.bird@surrey.ac.ukUNSPECIFIED
Date : 2003
Uncontrolled Keywords : F34 F39 G21, Banks, currency crisis, East Asia, maturity mismatches, moral hazard
Depositing User : Symplectic Elements
Date Deposited : 16 May 2017 15:13
Last Modified : 17 May 2017 14:33
URI: http://epubs.surrey.ac.uk/id/eprint/818157

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