Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts

which takes the form of a minimum liquidity requirement coupled with monitoring of the quality of liquid assets. We establish the robustness of our insights when the set of bailout instruments is endogenous and characterize the structure of optimal bailouts.

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Year of publication:	2010
Authors:	Tirole, Jean ; Farhi, Emmanuel
Institutions:	Society for Economic Dynamics - SED

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Series:	2010 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2010 SED Meeting Papers Number 822
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010570161