Banking Crises, Liquidity, and Credit Lines: A Macroeconomic Perspective

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Routledge, 2012 - Business & Economics - 246 pages

The banking crisis in 2007-10 was one amongst many such crises in the past. This book provides a fresh approach to liquidity. It starts from basics and gradually builds up analysis of credit lines with few technicalities. Though the analysis is theoretical, the book provides a historical background, a macroeconomic perspective, and policy implications. An integrated view of the pre-1983 and the post-1983 literature is provided. A solution to the related problem of sudden outflow of funds from emerging economies is also suggested.

 

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Contents

1 Introduction
1
2 Bank solvency and systemic stability
15
3 The rationale for demand deposits and shortterm funds
24
4 Literature review and the road ahead
31
5 Nearsystemic bank runs given a flexible morereputed bank
45
6 Systemic bank runs given a flexible central bank
70
7 Systemic bank runs under the gold standard
97
8 Implications of inelastic supply of desired assets
109
11 Bank runs and the broad policy framework
150
12 Sudden capital outflow emerging economies and credit lines
161
13 One hundred per cent reserve banking and the nature of inefficiency
183
14 More on banking crises and liquidity
192
15 Theory and experience
210
16 Conclusions
217
Notes
227
Bibliography
236

9 Bank runs portfolio choice and adjustment mechanism
121
10 Bank runs liquidity and consumption smoothing
136

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About the author (2012)

Gurbachan Singh is a visiting faculty member in the Planning Unit (Department of Economics), Indian Statistical Institute (ISI), Delhi.

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