Series: IMF Working Papers
Author(s): Kenneth Kletzer , and Robert Dekle
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2001
Keywords: financial fragility, banking, foreign capital, foreign capital inflows, deposit insurance, Open Economy Macroeconomics,
A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium, the banking system becomes progressi...