High real interest rates, guarantor risk, and bank recapitalizations (English)

The author sets out a methodology for analyzing episodes of high real interest rates in emerging market economies. He reviews the literature on what determines spreads in deposit rates and loan rates. Then he links the causes of interest rate spreads by explicitly modeling the incentive effect of a government deposit guarantee on the behavior of depositories, banks, and firms. The premise: begin with accounting identities that decompose the deposit...

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Author

Brock,Philip L.;
Document Date
1996/11/30
Document Type
Policy Research Working Paper
Report Number
WPS1683
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
High real interest rates, guarantor risk, and bank recapitalizations
Keywords
real exchange rate

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Brock,Philip L..

High real interest rates, guarantor risk, and bank recapitalizations (English). Policy, Research working paper ; no. WPS 1683 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/866881468739144767

High real interest rates, guarantor risk, and bank recapitalizations (English)

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