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dc.date.accessioned 2010-06-16T16:14:56Z
dc.date.available 2010-06-16T03:00:00Z
dc.date.issued 2002
dc.identifier.uri http://sedici.unlp.edu.ar/handle/10915/3786
dc.description.abstract I extend the traditional Diamond Dybvig framework with aggregate liquidity shocks to small open economies. Currency board may imply perfect risk sharing (with perfect credit markets), contrary to Chang and Velasco's findings (2000). With interim-date borrowing constraints and fixed exchange rates, Wallace's (1990) partial suspension of convertibility of deposits is obtained. A banking system with an international lender may implement both allocations without runs. Flexible exchange rates with local-currency denominated deposits improves risk sharing relative to fixed exchange rates when borrowing constraints are present. en
dc.language en es
dc.subject liquidez es
dc.subject banco es
dc.title Banking in small open economies with aggregate liquidity shocks en
dc.type Objeto de conferencia es
sedici.identifier.uri http://www.depeco.econo.unlp.edu.ar/jemi/2002/trabajo6.pdf es
sedici.creator.person Kawamura, Enrique es
sedici.subject.materias Ciencias Económicas es
sedici.description.fulltext true es
mods.originInfo.place Departamento de Economía es
sedici.subtype Objeto de conferencia es
sedici.rights.license Creative Commons Attribution 3.0 Unported (CC BY 3.0)
sedici.rights.uri http://creativecommons.org/licenses/by/3.0/
sedici.date.exposure 2002-05
sedici.relation.event VII Jornadas de Economía Monetaria e Internacional (La Plata, 2002) es
sedici.description.peerReview peer-review es
sedici2003.identifier ARG-UNLP-DIS-0000001698 es


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Creative Commons Attribution 3.0 Unported (CC BY 3.0) Except where otherwise noted, this item's license is described as Creative Commons Attribution 3.0 Unported (CC BY 3.0)