The bank liquidity smile across exchange rate regimes

Irina Bunda () and Jean-Baptiste Desquilbet ()

International Economic Journal, 2008, vol. 22, issue 3, 361-386

Abstract: Combining panel data on bank liquidity at the individual level and data on their macroeconomic environment, for a sample of commercial banks in emerging countries between 1995 and 2004, we show that there exists a 'bank liquidity smile across exchange rate regimes'. In extreme regimes at both ends of the line, i.e. for pure floating exchange rate regimes at one end and currency boards and dollarised economies at the other end, bank assets are more liquid than in intermediate regimes.

Keywords: bank liquidity; exchange rate regimes; currency boards; emerging countries (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (27)

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Related works:
Working Paper: The Bank Liquidity Smile Across Exchange Rate Regimes (2008)
Working Paper: The Bank Liquidity Smile across Echange Rate Regimes (2003)
Working Paper: The Bank Liquidity Smile across Exchange Rate Regimes (2003)
Working Paper: The Bank Liquidity Smile across Exchange Rate Regimes (2003)
Working Paper: The Bank Liquidity Smile across Exchange Rate Regimes (2003)
Working Paper: The Bank Liquidity Smile across Exchange Rate Regimes (2003)
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DOI: 10.1080/10168730802287952

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