Series: IMF Working Papers
Author(s): Eduardo Levy Yeyati , Alain Ize , and Miguel Kiguel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2005
Keywords: Systemic Liquidity, central bank, banking, banking system, liquid reserves, bank runs,
This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of ava...