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Banks, Maturity Mismatches and Liquidity Crises: A Simple Model

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Abstract

In determining the maturity structure of bank loans in the presence of pre-determined short-term international liabilities, we show that maturity mismatches in banks’ balance sheets are fully consistent with the assumption of banks acting as self-interested, optimising agents. Although often attributed to the moral hazard associated with safety nets, the analysis shows that financial crises can occur in their absence.

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  • Rajan ( , Ramkishen S. & Bird, Graham, 2003. "Banks, Maturity Mismatches and Liquidity Crises: A Simple Model," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 56(2), pages 185-192.
    • Handle: RePEc:ris:ecoint:0160
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    Cited by:

    1. Cornand, Camille & Gimet, Céline, 2012. "The 2007–2008 financial crisis: Is there evidence of disaster myopia?," Emerging Markets Review, Elsevier, vol. 13(3), pages 301-315.
    2. de Haan, Leo & van den End, Jan Willem, 2013. "Bank liquidity, the maturity ladder, and regulation," Journal of Banking & Finance, Elsevier, vol. 37(10), pages 3930-3950.
    3. Andrew T. Young & Travis Wiseman & Thomas L. Hogan, 2014. "Changing Perceptions of Maturity Mismatch in the U.S. Banking System: Evidence from Equity Markets," Southern Economic Journal, John Wiley & Sons, vol. 81(1), pages 193-210, July.
    4. de Haan, Leo & van den End, Jan Willem, 2013. "Bank liquidity, the maturity ladder, and regulation," Journal of Banking & Finance, Elsevier, vol. 37(10), pages 3930-3950.
    5. repec:wvu:wpaper:10-04 is not listed on IDEAS

    More about this item

    Keywords

    Banks; currency crisis; East Asia; maturity mismatches; moral hazard;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F39 - International Economics - - International Finance - - - Other
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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