Umfang:
Online-Ressource (54 p)
Ausgabe:
Online-Ausg.
ISBN:
1451854358
,
9781451854350
Serie:
IMF Working Papers Working Paper No. 98/121
Inhalt:
This paper constructs a theoretical framework that rationalizes banks’ short- and long-run adjustment dynamics—in portfolio composition and in the capital structure—following a period of financial distress. The model captures stylized facts about banks’ behavior following a shock to the capital base—namely, the rush to liquidity and credit crunch. Bank panel data show that Argentine domestic retail banks underwent a period of adjustment of six quarters following the Mexican devaluation crisis, reducing their risk-exposure since, owing to bank capital scarcity, depositors became less prone to tolerate bank default risk. Foreign-owned banks suffered a milder shock and adjusted immediately
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe Ramos, Alberto Capital Structures and Portfolio Composition During Banking Crisis: Lessons from Argentina 1995 Washington, D.C. : International Monetary Fund, 1998 ISBN 9781451854350
Sprache:
Englisch
DOI:
10.5089/9781451854350.001
