Search Results - subject:"Suspension of Convertibility"

’Midas, transmuting all, into paper’: the Bank of England and the Banque de France during the Napoleonic Wars

Chadha, Jagjit S.; Newby, Elisa - Faculty of Economics, University of Cambridge - 2013

create a suspension of convertibility that did not undermine the currency. By contrast, the Assignats debacle had cost the …

Persistent link: https://www.econbiz.de/10010700229

'Midas, transmuting all, into paper' : the Bank of England and the Banque de France during the Napoleonic wars

Chadha, Jagjit; Newby, Elisa - 2013

combined to create a suspension of convertibility that did not undermine the currency. By contrast, the Assignats debacle had …

Persistent link: https://www.econbiz.de/10009787425

Banking panics and output dynamics

Sanches, Daniel - In: Review of economic dynamics 29 (2018), pp. 148-171

Persistent link: https://www.econbiz.de/10012042347

The Renminbi’s Role in the Global Monetary System

Prasad, Eswar; Ye, Lei - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012

We analyze three related but distinct concepts concerning the renminbi’s role in the globalmonetary system: (i) “internationalization” of the currency; (ii) currency convertibility; and (iii)reserve currency status. Their sequencing in relation to other policy goals such as financialsector...

Persistent link: https://www.econbiz.de/10009486955

Commitment and equilibrium bank runs

Ennis, Huberto M.; Keister, Todd - 2007

We study the role of commitment in a version of the Diamond and Dybvig (JPE, 1983) model with no aggregate uncertainty. As is well known, the banking authority can eliminate the possibility of a bank run by committing to suspend payments to depositors if a run were to start. We show, however,...

Persistent link: https://www.econbiz.de/10010283412

Why do bank runs look like panic? A new explanation

Chen, Yehning; Hasan, Iftekhar - 2006

empirical evidence about bank runs. It also implies that suspension of convertibility can improve the efficiency of bank runs. …

Persistent link: https://www.econbiz.de/10012147975

Why do bank runs look like panic? A new explanation

Chen, Yehning; Hasan, Iftekhar - Suomen Pankki - 2006

empirical evidence about bank runs. It also implies that suspension of convertibility can improve the efficiency of bank runs. …

Persistent link: https://www.econbiz.de/10005649018

'Midas, transmuting all, into paper': the Bank of England and the Banque de France during the Napoleonic Wars

Chadha, Jagjit S.; Newby, Elisa - School of Economics, University of Kent - 2013

combined to create a suspension of convertibility that did not undermine the currency. By contrast, the Assignats debacle had …

Persistent link: https://www.econbiz.de/10010859408

SUNSPOT PANICS, INFORMATION-BASED BANKRUNS AND SUSPENSION OF DEPOSITCONVERTIBILITY

Skamnelos, Ilias - University <Nottingham> / Department of Economics - 2001

. This arises due to the one-way bet nature of suspension of convertibility. Keywords: Bank Runs, Panics, Deposit Contracts …, Suspension of Convertibility JEL Classification: G2 ∗University of Nottingham, School of Economics, University Park, Nottingham … Bhatacharya, in order to study the importance of suspension of convertibility in information-based runs. Diamond and Dybvig …

Persistent link: https://www.econbiz.de/10005869057

Self-fulfilling bank panics : how to avoid them ? an experimental study

Madiès, Philippe - HAL - 2001

The purpose of this paper is to verify experimentally the possibility and the degree of persistence of a self-fulfilling bank panic. Furthermore, we test various means to prevent or to curb it: the suspension of deposit convertibility, the "narrow banking" solution. We confirm the possibility of...

Persistent link: https://www.econbiz.de/10008790990