Spiegel, Mark (contributor) - 2000 - [Elektronische Ressource]
distinguish between runs due to debtor insolvency and those which are the
result of pure sunspots. Nevertheless, the ILLR can …
insolvency,” and suggests that the timely response required in lender of last re-
sort lending precludes any possibility of … consider ILLR activity in situations where
there is a positive probability of an insolvency run. However, neither model …