Payment systems, inside money and financial intermediation

Journal of Financial Intermediation - Tập 21 - Trang 359-382 - 2012
Ouarda Merrouche1, Erlend Nier2
1World Bank, 1818 H Street, NW, Washington, DC 20433 United States
2International Monetary Fund, 700 19th Street, NW, Washington, DC 20431, United States

Tài liệu tham khảo

Agenor, 2004, The credit crunch in East Asia: what can bank excess liquid assets tell us?, Journal of International Money and Finance, 23, 27, 10.1016/j.jimonfin.2003.08.008 Balino, 1994, Payments systems reforms and monetary policy in emerging market economies in Central and Eastern Europe, IMF Staff Papers, 41, 383, 10.2307/3867433 Bank for International Settlements, 2001. Core Principles for Systemically Important Payment Systems, Committee on Payments and Settlement Systems (Basel, Bank for International Settlements), January. Barth, 2006 Berlin, 1999, Deposits and relationship lending, Review of Financial Studies, 12, 579, 10.1093/rfs/12.3.579 Bertrand, 2007, Banking deregulation and industry structure: evidence from the french banking reforms of 1985, Journal of Finance, 62, 597, 10.1111/j.1540-6261.2007.01218.x Boyd, 2001, The impact of inflation on financial sector performance, Journal of Monetary Economics, 47, 221, 10.1016/S0304-3932(01)00049-6 Caprio, G., Klingebiel, D., Laeven, L., Noguera, G., 2003. An Update of the Caprio–Klingebiel Database (1996, 1999). World Bank. <www1.worldbank.org/finance/html/database_sfd.html>. Christiano, L., Motto, R., Rostagno, M., 2004. The Great Depression and Friedman–Schwartz Hypothesis. National Bureau of Economic Research Working Paper No. 10255. Cottarelli, C., Dell’Ariccia, G., Vladkova-Hollar, I., 2003. Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans. IMF Working Paper No. 03/213. Detragiache, 2008, Foreign banks in poor countries: theory and evidence, Journal of Finance, 63, 2123, 10.1111/j.1540-6261.2008.01392.x Diamond, 1984, Financial intermediation and delegated monitoring, Review of Economic Studies, 51, 393, 10.2307/2297430 Diamond, 1983, Bank runs, deposit insurance, and liquidity, Journal of Political Economy, 91, 401, 10.1086/261155 Diamond, 2006, Money in a theory of banking, American Economic Review, 86, 30, 10.1257/000282806776157759 Drehmann, 2002, Challenges to currency: will cash resist the e-money challenge? Economic Policy, 17, 193 Gale, D., Yorulmazer, T., 2011. Liquidity Hoarding. Federal Reserve Bank of New York Staff Report No. 488. International Monetary Fund, 2010. Emerging Europe and the Global Crisis: Lessons from the Boom and Bust. IMF’s Regional Economic Outlook: Europe, Building Confidence (Chapter 3). Kashyap, 2002, Banks as liquidity providers: an explanation for the coexistence of lending and deposit-taking, Journal of Finance, 57, 33, 10.1111/1540-6261.00415 King, 1993, Finance and growth: Schumpeter might be right, Quarterly Journal of Economics, 108, 717, 10.2307/2118406 Manning, 2009 Merrouche, O., Nier, E., 2010. What Caused the Global Financial Crisis? Evidence on the Build-up of Financial Imbalances 1999–2007. IMF Working Paper No. 10/ 264. Mester, 2007, Transactions accounts and loan monitoring, Review of Financial Studies, 20, 1, 10.1093/rfs/hhl018 Rockoff, H., 1993. The Meaning of money in the Great Depression. NBER Historical Paper No. 52. Roger, S., 2009. Inflation Targeting at 20: Achievements and Challenges. IMF Working Paper No. 09/236. Rogoff, 1998, Blessing or curse? Foreign and underground demand for euro notes, Economic Policy, 263 Sundararajan, 1994, Linkages between payments system reforms and monetary policy: the recent experience in Russia and other former Soviet Union Countries, 611