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policy is non-targeted. The ex post benefits from a monetary bailout accrue in proportion to the number amount of leverage … bailout instruments is endogenous and characterize the structure of optimal bailouts …
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policy is non-targeted. The ex post benefits from a monetary bailout accrue in proportion to the number amount of leverage … bailout instruments is endogenous and characterize the structure of optimal bailouts …
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policy is non-targeted. The ex post benefits from a monetary bailout accrue in proportion to the number amount of leverage … with monitoring of the quality of liquid assets. We establish the robustness of our insights when the set of bailout …
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