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Monnaie et crise bancaire dans une petite économie ouverte

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  • Jin Cheng

Abstract

This paper develops an analytical framework of a small open economy, which integrate the money and foreign capital flows for evaluating the fragility of the banking system during an international financial crisis. The framework draws attention to the vulnerabilities created by the maturity and currency mismatches of bank’s balance sheet, and it makes transparent how the credit crunch in foreign countries can affect the value of the small economy’s currency and its economic activity through commercial banks. The stabilizing effects of the banking capital and of the minimum ratio of capital on the banking system are examined as well. Furthermore, the model implies that an informal sector of large scale is a factor against the stabilization of the domestic money and the financial system. JEL classification: E12, E44, G35

Suggested Citation

  • Jin Cheng, 2012. "Monnaie et crise bancaire dans une petite économie ouverte," Recherches économiques de Louvain, De Boeck Université, vol. 78(1), pages 47-73.
  • Handle: RePEc:cai:reldbu:rel_781_0047
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    Cited by:

    1. Meixing Dai, 2012. "External Constraint and Financial Crises with Balance Sheet Effects," International Economic Journal, Taylor & Francis Journals, vol. 26(4), pages 567-585, March.

    More about this item

    Keywords

    bank run; money and interest rates; international lending;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

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