The implementation of the subnational fiscal rules in Colombia that occurred between 1997 and 2003 was aimed at the recovery of local governments’ fiscal sustainability put at risk with the increase in spending, debt and deficit, events related with the…
Ruelas Ávila, Ignacio
A continuación, se listan los contenidos disponibles en el portal relacionados con la consulta.
- Publicación |Abstract
- Publicación |
- Publicación |
According to traditional literature, liquidity risk in individual banks can turn into a system-wide financial crisis when either interbank credit exposures or bank runs are present. This paper shows that this phenomenon can also arise when individual liquidity risk trans- forms into system-wide…
