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unexpected loss of liquidity, or trends in globalization and deregulation in financial markets. The analysis finds disturbing …
Persistent link: https://www.econbiz.de/10010521003
unexpected loss of liquidity, or trends in globalization and deregulation in financial markets. The analysis finds disturbing …
Persistent link: https://www.econbiz.de/10003771166
Persistent link: https://www.econbiz.de/10003962102
of liquidity or trends in globalization and deregulation in financial markets. The analysis finds disturbing implications …
Persistent link: https://www.econbiz.de/10013158630
We analyse a model of financial intermediation in which intermediaries are subject to moral hazard and they do not invest socially optimally, because they ignore the systemic costs of failure and, in the case of banks, because they fail to account for risks which are assumed by the deposit...
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