search query: @indexterm PUBLIC FINANCE / total: 473
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| Author: | Chui, M. Gai, P. Haldane, A. G. |
| Title: | Sovereign liquidity crises: analytics and implications for public policy |
| Journal: | Journal of Banking and Finance
2002 : MAR, VOL. 26:2-3, p. 519-546 |
| Index terms: | Financial crises Liquidity Public finance |
| Language: | eng |
| Abstract: | The authors develop a model of sovereign liquidity crises that reflects two sources of financial stress - weak fundamentals and self-fulfilling expectations. They examine the nature of the underlying co-ordination game and investigate the properties of the unique equilibrium. |
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