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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INFORMATION
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1996/11/30
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Document de travail de recherche sur les politiques
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WPS1683
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1
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1
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2010/07/01
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High real interest rates, guarantor risk, and bank recapitalizations
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real exchange rate
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Version officielle du document (peut inclure des signatures etc…)
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