Acharya, Viral V. (contributor); … - 2004
and CEPR
Tanju Yorulmazer3
Bank of England
J.E.L. Classification: G21, G28, G38, E58, D62.
Keywords: Bank regulation …-ante standpoint. We formalize this time-inconsistency of
bank regulation. We also argue that by allowing banks to purchase failed … be mitigated.
The idea that bank regulation may be time-inconsistent and may induce moral hazard is
not new, but our …