A Model Of The Lender Of Last Resort
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| Google books | books.google.com |
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| Originally published | March 1999 |
| Authors | Charles Goodhart |
| Haizhou Huang | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1428135 |
About A Model Of The Lender Of Last Resort
This paper develops a model of the lender of last resort. It provides an analytical basis for “too big too fail” and a rationale for “constructive ambiguity”. . . .